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lectur4-page15 - notes and treasury bills Treasury bills...

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The interest rate on government securities is known as the “risk-free rate” and is equal to the real rate of interest plus the expected inflation rate over the life of the government security. Government securities consist of treasury bonds, treasury
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Unformatted text preview: notes, and treasury bills. Treasury bills mature in one year or less, treasury notes mature in two to ten years, and treasury bonds mature in over 10 years. 15...
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