IIA-CFSA Exam Dumps - Certified Financial Services Auditor

Notes and bonds are long-term debt instruments. Long-term debt instruments are sold at ______________ when the market rate _____________ the stated interest rate.

_____________ loans allow the consumer to repay a loan over a set period. They require periodic principal and interest payments The loan is generally secured by the item being purchased. Automobile loans or real estate mortgage loans are common types of such types of loans.

Municipal bonds are issued by state and local governments, U.S. territories, and non-federal public agencies such as school districts, cities, and airport authorities. Municipal debt is considered the second safest form of debt security after U.S. government obligations. Some types of municipal bonds include all of the following EXCEPT:

Preferred stock is similar to common stock in that it represents ownership in a corporation.

Preferred stockholders generally receive as fixed dividend rate. The types of preferred stock include all of the following EXCEPT: