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3) Explain the effects of coupon and maturity on volatility. 4) Why do most money market securities have large denominations? 5) Given the functions of
3) Explain the effects of coupon and maturity on volatility.
4) Why do most money market securities have large denominations?
5) Given the functions of the money markets, why is it necessary for money market securities to have a maturity of one year or less and low default risk?
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