Exercise 2.1. callable bond, 2. certificate of deposit, 3. credit quality, 4. high grade, 5. long term debt, 6. maturity, 7. municipal bond, 8. stock buyback, 9. Treasury Bills, 10. Treasury Bonds, 11. Treasury Notes, 12. yield, 13. yield curve

Exercise 4.downside, budget surplus, emerging markets, profitable, in the black, downgrade, private sector, institutional investors, secondary market, underperform

Exercise 5.bonds, stocks, performance, volatility, portfolio strategy, asset, individual investors, rewards, money market, financial, cash, parameters, allocation, equity-only, equity market, growth, objectives, capital, income, return, Wall Street, weighted, conservative, fixed-income, holdings, dividends, supplement, deregulation, appreciation, competitive, funds, buybacks, course, foreseeable, trend, incentives, diversified, stream, flexibility, interest