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Question 18 1 Point Bills of exchange are discount securities. An important feature of discount securities is: (A) the term to maturity is long. (B)

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Question 18 1 Point Bills of exchange are discount securities. An important feature of discount securities is: (A) the term to maturity is long. (B) the issue price is usually greater than face value. (c) the holder receives regular interest payments from the issuer. holders obtain their return on investment from the difference between the price they pay for the security and the price at which it is sold

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