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Does it make sense that returns on holding a U.S. Treasury bill are always lower than the returns on the S&P 500 index?
Liable
Being legally responsible for something, typically involving financial compensation or reparations.
Encodes Information
Involves converting data or information into a particular form, especially to prevent unauthorized access or understanding.
Warrants
Financial instruments that give the holder the right to purchase a company's stock at a specified price before a certain date.
Forges
Workshops or places equipped with heavy tools and machinery for shaping metal by heating and hammering.
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