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Jack is a trader at Summit Bank. He bought corporate bonds for $2.5 million last week and sold it for $2.3 million yesterday. This transaction

Jack is a trader at Summit Bank. He bought corporate bonds for $2.5 million last week and sold it for $2.3 million yesterday. This transaction is an example of:

a.

Liquidity risk

b.

Market risk

c.

Credit risk

d.

Derivatives risk

e.

Off-balance sheet risk

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