The maturity date of a financial asset reflects its lifespan. Financial assets with maturities greater than one year are traded in (i) and those with maturities less than one year are traded in the (ii) . An exchange-traded asset is typically standardized, whereas an (iii) asset is likely to be non-standardized. Because it is assumed that investors are (iv) we typically need to take account of return, risk, (v) and the (vi) when making investment decisions.