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Which of the following assets has zero expected capital returns? Assume that all assets have positive required total returns, inflation is expected to be zero,

Which of the following assets has zero expected capital returns? Assume that all assets have positive required total returns, inflation is expected to be zero, and all debts will be fully repaid (no credit risk). Select one: a. Gold O b. 5% coupon par bond. c. Interest only loan. d. Fully amortising loan. e. A dividend-paying stock with a 50% payout ratio. O

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