Question: 4. If a security can easily be converted to cash without a loss in value, it: A) is liquid. B) has a high after-tax yield.

4. If a security can easily be converted to cash without

4. If a security can easily be converted to cash without a loss in value, it: A) is liquid. B) has a high after-tax yield. C) has high default risk. D) is illiquid

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