Question: Risk & Return Would you invest in Security Z or a Treasury Bill (T-Bill) [remember a T-Bill is a risk-free investment]? Security Z has had

Risk & Return

Would you invest in Security Z or a Treasury Bill (T-Bill) [remember a T-Bill

is a risk-free investment]? Security Z has had the following returns over the

past four years. The T-Bill yields 3%.

Security Z

Return year

17% 2009

6% 2010

-8% 2011

-5% 2012

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