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14) Suppose an investor purchases a five-year, zero-coupon Treasury security for $58.48 with a maturity value of $100. The investor could instead buy a six-month
14) Suppose an investor purchases a five-year, zero-coupon Treasury security for $58.48 with a maturity value of $100. The investor could instead buy a six-month Treasury bill and reinvest the proceeds every six months for five years. The number of dollars that will be realized will A) be independent of spot and forward rates. B) depend on the six-month forward rates. C) depend solely on the six-month spot rate today. D) not depend on the six-month forward rates
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