     415

 	 	 
	 	 
	(%)	( %)
3 	5,50	5,80
5 	6,00	6,60
7 	6,75	7,25
10 	7,25	7,60
15  30 	7,40 7.75	8,80 7.75

    ,     
 ,       .



      ,    
 .    ,     -
 ,  ,      (     -
      ,      
    ). .: Michael D. Joehnk, Short-Term Investing: Socking It Away
in CDs, AAI1Journal, 12, no. 8 (September 1990), pp. 7-9. . : Jeffrey Cohn and Michael E. Edieson,
Banking on the Market: Equity-Linked CDs, AAII Journal, 15, no. 3 (March 1993), pp. 11-15.

2        (GICs), -
  ,         
   .     , -
 GICs. .: Robert . Kleiman and Anandi P. Sahu, The ABCs of GICs for Retirement Plan
Investing, AAII Journal, 14, no. 3 (March 1992), pp. 7-10.

3           
  ;        .

4        .: Jay Goldinger, Trading
Treasuries: Know the Risks Before You Invest, AAII Journal, 11, no. 10 (November 1989), pp. 1215.

5          
 ,       .     
      . .: Richard J. Kish,
Discrepancy inTreasury Bill Yield Calculations, Financial Practice and Education, 2, no. 1 (Spring/Summer
1992), pp. 41-45.

'         ,  -
            
   (      ). . 15
  .

7        ,   -
    30-  , ,  180- .  -
,          ,  -
  30;         , -
 .      180    
,            180,   -
        .   
   ,      . .: Dividends and
Interest: Who Gets Payments After a Trade?, AAII Journal, 12, no. 4 (April 1990), pp. 8-11.

8        ,      
   .      .: Paul F. Jessup,
The Purloined Investment:  Savings Bonds Make Sense, AAII Journal, 12, no. 8 (September 1990),
pp. 10-13; Phillip R. Daves and Robert A. Kunkel, Afterthe Fall: Savings Bonds Are Still Attractive Short
Term, AAII Journal, 15, no. 4 (April 1993), pp. 11-12.

9    -         
         .

10   /    (      
),       .    -