You are sitting at the dinner table and your father is extolling the benefits of investing in

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You are sitting at the dinner table and your father is extolling the benefits of investing in bonds. He insists that as a conservative investor he will only make investments that are safe, and what could be safer than a bond, especially a U.S. Treasury bond? What accounts for his view of bonds?Explain why you think it is right or wrong.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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