What Is a Bond? Select All That Apply

What is a bond? Select all that apply:

A) It is a contract by which an investor lends money in return for a promise of future cash flows.
B) It is an instrument for large institutions such as governments and large companies to borrow on the world capital markets.
C) A token of trust between lenders and borrowers.
D) A piece of paper that represents an amount of money that is lent or borrowed.

Correct Answer:

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