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Amazon ( AMZN ) generates a significant amount of cash that is recorded on its balance sheet. Where does Amazon's financial management invest this cash?

Amazon (AMZN) generates a significant amount of cash that is recorded on its balance sheet. Where does Amazon's financial management invest this cash? What portion of Amazon's balance sheet cash is invested in fixed income and specifically within fixed income, corporate bonds, U.S. treasuries, municipal bonds and other debt instruments? When evaluating a fixed income yield curve, why do investors require higher rates of return for longer maturity bonds?

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