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1. What's the duration of a 30-year zero coupon bond?

2. Identify at least three different kinds of fixed-income securities, and the pros and cons of each from both the firm's perspective as well as the potential investor's perspective.

3. Why does the investing public need fixed-income securities? Doesn't the stock market, where common stock is bought and sold, provide enough investment options?

4. Are most investors risk-averse investors? 

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