A fixed income security is an investment that promises to pay interest at a set rate for a certain amount of time. Think of it as buying an IOU plus a bonus. If you give me $10 today, in three months, I’ll pay you back your $10 plus 5% interest.
A fixed income security is an investment that promises to pay interest at a set rate for a certain amount of time. Think of it as buying an IOU plus a bonus. If you give me $10 today, in three months, I’ll pay you back your $10 plus 5% interest.