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A portfolio manager wishes to make a short-term investment.

A portfolio manager wishes to make a short-term investment. His investment policy requires that short-term investments be low risk and secured, have a fixed interest rate and be highly liquid/redeemable prior to maturity. Which of the following should the manager choose?

A.

Asset-backed commercial paper

B.

Bank obligations

C.

Commercial paper

D.

Government treasury bills

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