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Suppose a broker-dealer would like to borrow $100 million to purchase securities. Which of the following would have the lowest interest rate? A. A corporate
Suppose a broker-dealer would like to borrow $100 million to purchase securities. Which of the following would have the lowest interest rate?
A. A corporate bond with a 10-year maturity
B. A repurchase agreement with a 1-day maturity
C. Commercial paper with a 30-day maturity
D . Commercial paper with a 90-day maturity
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