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8. One risk that U.S. treasury securities do not have is: a. Liquidity risk b. Maturity interest rate risk c. Refinancing interest rate risk d.

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8. One risk that U.S. treasury securities do not have is: a. Liquidity risk b. Maturity interest rate risk c. Refinancing interest rate risk d. Credit risk 9. A U.S. Treasury bill has a face value of $1,000 and matures in one year. The current one year risk-free rate is 5%. What is the present value of this Treasury bill (rounded to nearest \$)? a. $952 b. $1,000 c. $1,005 d. $930

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