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Which of the following is a difference between an on-the-run and an off-the-run issue? An on-the-run issue: Question 7Answer a. Will carry a lower yield

Which of the following is a difference between an on-the-run and an off-the-run issue? An on-the-run issue: Question 7Answer a. Will carry a lower yield spread b. Is publicly traded whereas an off-the-run issue is not c. Has a shorter maturity than an off-the-run issue d. Is the most recently issued security of that type

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