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| rev | Admin | (Created page with "Which of the following investments is most affected by changes in the level of interest rates? Suppose interest rates go up or down by 50 basis points (± 0.5%). Rank the investments from most affected (largest change in value) to least affected (smallest change in value). <ul style="list-style-type:upper-roman"> <li>$1 million invested in short-term Treasury bills.</li> <li> $1 million invested in Treasury strips (zero coupons) maturing in December 2016. </li> <li>$1...") | Dec 5'23 at 0:31 | +1,142 |