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Correct answer is NOT D. A zero-coupon security 1 Has only one cash flow that occurs at maturity II Has coupon rate of zero III

Correct answer is NOT D. image text in transcribed

A zero-coupon security 1 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.1, II, and III c. III only d. II and 111 e.I and

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