(i) because interest rates on treasury bills are more volatile than rates on long-term securities, the return on short-term treasury securities is usually above that on longer-term treasury securities. (ii) a treasury strip separates the periodic interest payments from the final principal repayment. a. (i) is true, (ii) false. b. (i) is false, (ii) true. c. both are true. d. both are false.

Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were: