■固定收益证券 Promise either a fixed stream of income or a stream of income that is determined according to a specified formula Have the advantage of being relative easy to understand because the level of payments is fixed in advance Risk consideration are minimal as long as the issuer of the security is sufficiently creditworthy◼ 固定收益证券 ◼ Promise either a fixed stream of income or a stream of income that is determined according to a specified formula. ◼ Have the advantage of being relative easy to understand because the level of payments is fixed in advance. ◼ Risk consideration are minimal as long as the issuer of the security is sufficiently creditworthy