Question

An on-the-run ten-year Treasury security is
a. a ten-year government bond that is in greatest demand by investors who want to hold it until it matures.
b. a ten-year government bond that can be used to pay estate taxes, also known as a flower bond.
c. a non-taxable ten-year government bond.
d. a ten-year government bond that was the most recently issued.

Answer

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