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Which of the following most accurately summarizes the advantages and disadvantages of treasury bills as a...

Which of the following most accurately summarizes the advantages and disadvantages of treasury bills as a means of short-term investment? Select one: a. High risk, but high yield and few liquidity constraints. b. Very low risk; low to moderate yield; high liquidity because T bills can be sold on secondary markets or the value received at maturity (4 to 52 weeks). c. Low to moderate risk; low to moderate yield; few liquidity constraints. d. Very low risk; low to moderate yield; but low liquidity because the face value of T bills can only be received at maturity (52 weeks).

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b. Very low risk; low to moderate yield; high liquidity because T bills can be sold on secondary markets or the value received at maturity (4 to 52 weeks)

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