Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260316193
Author: Bodie
Publisher: MCG
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Chapter 1, Problem 21PS

The average rate of return on investments in large stocks has outpaced that on investment in Treasury bills by about 8% since 1926. Why, then, does anyone invest in Treasury bills? (LO 1-1)

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