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borteleto borteleto
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5 years ago
A life insurance company purchases $1 billion of corporate bonds from premiums collected on its life insurance policies. Therefore
A) the corporate bonds are indirect securities and the life insurance policies are direct securities.
B) the corporate bonds are indirect securities and the life insurance policies are indirect securities.
C) the corporate bonds are direct securities and the life insurance policies are indirect securities.
D) the corporate bonds are direct securities and the life insurance policies are direct securities.
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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DeanaRayDeanaRay
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borteleto Author
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5 years ago
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