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What is the most important difference between a corporate bond and an equivalent U.S. Treasury bond?A. In the case of corporate bonds, firms have sometimes defaulted, whereas the U.S. government has not.B. The beta of corporate bonds is usually less than the beta of a U.S. Treasury bond.C. Corporate cash flow is relatively smooth, whereas U.S. government revenue is more variable.D. Corporate bonds are traded on the floor of the New York Stock Exchange, and Treasury bonds trade in the over-the-counter market.
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