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9. A risk manager wants to recommend a reduction in firm-wide risk. To achieve that reduction, the firm has to cut some positions. She decides to cut her positions rapidly, but to minimize the cost of doing so, she chooses to leave intact her least liquid position. If the following is the list of her positions, which position would she not cut?
On-the-run US Treasuries
Exchange traded eurodollar futures contracts
Large cap listed equities
Rated benchmark corporate bonds | 
发表于 2009-6-13 13:11
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