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5. An analyst made the following statement: We should purchase Treasury notes because they are risk-free. Default risk is essentially nonexistent. Is the analyst's statement

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5. An analyst made the following statement: We should purchase Treasury notes because they are risk-free. Default risk is essentially nonexistent. Is the analyst's statement correct with respect to: Risk-free A. No B. No C. Yes D. Yes Default risk No Yes No Yes

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