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Which bond would you generally expect to have the highest yield? Select one: O a. Treasury bond b. Nontaxable, highly liquid bonds O c. Long-term,

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Which bond would you generally expect to have the highest yield? Select one: O a. Treasury bond b. Nontaxable, highly liquid bonds O c. Long-term, taxable junk bond d. Short-term, inflation-adjusted debt O e. Long-term, high-quality munis The secondary market is best described by which one of the following? Select one: O a. Market where warrants are offered and sold. b. Market in which subordinated shares are issued and resold. c. Market where outstanding shares of stock are traded. d. Market conducted solely by dealers. e. Market conducted solely by brokers

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