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4. How do T?bills, T?notes, and T?bonds differ? 5. Explain how and why the junk bond market had an impact on commercial bank lending. 6.

4. How do T?bills, T?notes, and T?bonds differ?

5. Explain how and why the junk bond market had an impact on commercial bank lending.

6. Define the following terms:

(a) private placement

(b) asset?backed security

(d) sinking fund provisions

(e) convertible features of securities.

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