Hi this may seem like a silly question but here goes.. In chapter 16, page 8 the notes refer to fixed-interest stocks. I'm assuming that this refers to bonds as the acted notes interchangeably refer to gilts in the next paragraph. Stocks to me would mean equities. Please can someone clarify if stocks in this context means bonds? Thanks!
I am still a CT level student and there is a huge probability that I might be wrong wrong but preference shares can be an example of fixed interest stocks. Being a finance student I had this urge to reply. Sorry!
Often when you see the term "fixed-interest stocks" in the Core Reading, it is referring to conventional bonds, and that is the case here.
