The rate of return on _____ is known at the beginning of the holding period, while the rate of return on ____ is not known until the end of the holding period.

The rate of return on _____ is known at the beginning of the holding period, while the rate of return on ____ is not known until the end of the holding period. 






A. risky assets; Treasury bills

B. Treasury bills; risky assets

C. excess returns; risky assets

D. index assets; bonds


Answer: B. Treasury bills; risky assets


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