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If a security can easily be converted to cash without a loss in value, it is liquid. has a high after-tax yield. has high default

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If a security can easily be converted to cash without a loss in value, it is liquid. has a high after-tax yield. has high default risk. is illiquid. Of the four securities listed below which one is the most liquid? short term investment grade securities. long term investment grade securities. short term high yield securities. long term high yield securities

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