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实时资讯全掌握
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A firm is choosing among three short-term investment securities: Security 1: A 30-day U.S. Treasury bill with a discount yield of 3.6%. Security 2: A 30-day banker’s acceptance selling at 99.65% of face value. Security 3: A 30-day time deposit with a bond equivalent yield of 3.65%. Based only on these securities’ yields, the firm would: A. prefer the U.S. Treasury bill. B. prefer the time deposit. C. prefer the banker’s acceptance. |