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Which of the following statements regarding bond trading is INCORRECT? A. The long-term bonds issued by the U.S. government are called Treasury Bills. B. The
Which of the following statements regarding bond trading is INCORRECT? A. The long-term bonds issued by the U.S. government are called Treasury Bills. B. The long-term bonds issued by state and local governments in the United States are called municipal bonds. C. A bond that makes no coupon payments (and thus is initially priced at a deep discount) is called a zero coupon bond. D. The price a dealer is willing to pay for a security is called the bid price.
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