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Consider the following yields to maturity on various one-year zero-coupon securities:
-The price (expressed as a percentage of the face value) of a one-year,zero-coupon corporate bond with a AAA rating is closest to:
Variable Operating Costs
Expenses that vary in direct proportion to the level of production or sales volume.
Fixed Operating Costs
Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.
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