An On-The-Run Ten-Year Treasury Security Is

Multiple Choice

An on-the-run ten-year Treasury security is

A) a ten-year government bond that is in greatest demand by investors who want to hold it until it matures.
B) a ten-year government bond that can be used to pay estate taxes, also known as a flower bond.
C) a non-taxable ten-year government bond.
D) a ten-year government bond that was the most recently issued.