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Which of the following is/are true about the equity-linked CD we discussed in the last module? I. The equity-linked CD can be viewed as a

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Which of the following is/are true about the equity-linked CD we discussed in the last module? I. The equity-linked CD can be viewed as a zero-coupon bond with an embedded option II. The equity-linked CD has fixed returns regardless of the stock market return III. We can determine the value of equity-linked CD by the Modigliani-Miller Theorem I and Il only I and III only Il and III only All of above

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