Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to invest in bonds [title] Learn how a bond works. [step] A bond is a debt instrument issued by a government entity or a corporation to raise capital. The purchaser of a bond is a creditor and the bond issuer is the debtor.

Ending1: A debtor can purchase a bond but not the entirety of the debt. [substeps] The creditor does not actually sell the debt. Ending2: [substeps] When a bond is issued, it is sold to investors for the first time. The investor pays the issuer (government or corporation) for the bond. Ending3: As a seller, you are a guarantor to the bonds. The purchaser gets the same right of liquidation as the seller. Ending4: The creditor then pays dividends to the purchaser (the bond issuer), which is essentially the employer. These bonds come in different ways and cost different amounts of money.

Answer format: ending1/ending2/ending3/ending4