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A securities company has the following balance sheet ($M) Assets $M Liabilities & Equity $M Cash 150 5-day Commercial Paper 225 Debt instruments 700 Bonds

A securities company has the following balance sheet ($M) Assets $M Liabilities & Equity $M Cash 150 5-day Commercial Paper 225 Debt instruments 700 Bonds 1050 Equities 950 Debt instrumen...

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