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A zero-coupon security: I Has only one cash flow that occurs at maturity II Has coupon rate of zero III Can be sold as a

A zero-coupon security:

I Has only one cash flow that occurs at maturity

II Has coupon rate of zero

III Can be sold as a Treasury Strip

a.

I and II

b.

I, II, and III

c.

III only

d.

II and III

e.

I and III

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