Question
According to the SML, the 91-day Government of Canada T-bill is which of the following? a. a medium-term risky asset. b. a risk-free asset used
According to the SML, the 91-day Government of Canada T-bill is which of the following?
| a. | a medium-term risky asset. | |
| b. | a risk-free asset used to determine the required rate of return on a stock | |
| c. | a risky asset used to price a stock | |
| d. | a rate of return used by bond investors to determine the yield-to-maturity on a short-term bond |
Please explain why :)!! Thank you
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Finance And Financial Markets
Authors: Keith Pilbeam
2nd Edition
1403948356, 978-1403948359
