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1. Explain whether each of the following assets is a financial asset. Refer to Chapter 2 from the Peterson and Fabozzi (2010) text. a) A
1. Explain whether each of the following assets is a financial asset. Refer to Chapter 2 from the Peterson and Fabozzi (2010) text.
a) A certificate of deposit at your local bank
b) A two-bedroom house
c) $50,000 worth of bonds from an airline company
d) Ownership of a copyright to a hit song
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