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6. Of the following, which is NOT a standard bond feature? A. Floating-interest rate coupons. B. Half-yearly coupons. C. Redeemed by the payment of face

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6. Of the following, which is NOT a standard bond feature? A. Floating-interest rate coupons. B. Half-yearly coupons. C. Redeemed by the payment of face value. D. Face value payable at the maturity date. E. All of these are standard bond features. 7. In reference to the flow-of-funds, deficit units generally prefer: A. a high cost of funds. B. low risk. C. large amounts. D. flexible and short contracts. E. all of the above. 8. The liquidity of secondary markets is NOT demonstrated by: A. the daily turnover. B. the sale of securities by issuers at an acceptable price. C. the size of the bid-ask spread. D. the degree of price resilience

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