Which of the following bonds has the shortest maturity date?
A) Treasury bills
B) Treasury bonds
C) Treasury notes
D) Floating rate notes
E) All four types of bonds have the same maturity date.
A
Explanation: A) Treasury bills mature in 4 to 52 weeks. Treasury bonds mature in 30 years. Treasury notes have maturity dates of 2, 3, 5, 7, and 10 years. Floating rate notes are issued for a term of two years.
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