The real risk-free rate is 3.0% and inflation is expected to be 3.75% for the next 2 years. A 2-year Treasury security yields 6.95%. What is the maturity risk premium for the 2-year security

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii