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In each of the following industries, identify possible joint (or severable) products at the split-off point.
a.Coal
b.Petroleum
c.Dairy
d.Lamb
e.Lumber
f.Cocoa Beans
g.Christmas Trees
h.Salt
i.Cowhide
Interest Rate Risk
The potential for investment losses due to changes in interest rates.
Marketable Securities Portfolio
This refers to a collection of liquid financial instruments that a company or individual holds, which can be quickly sold in the market to raise cash.
Treasury Bills
Treasury Bills are short-term government securities issued at a discount from the face value and redeemed at full face value upon maturity, typically used as a low-risk investment.
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