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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-10 compared with 2022-02-11 · 2 added, 1 removed, 17 unchanged (15% of the section changed)
9 unchanged sentences
Our investment policy is designed to maximize after-tax interest income while preserving our principal investment.
−Removed: As a result, our marketable securities consist of tax-exempt short and intermediate-term debt securities, which are primarily pre-refunded municipal bonds that are secured by escrow funds containing U.S.
+Added: As a result, our marketable securities consist of tax-exempt short and intermediate-term debt securities, which are primarily U.S.
+Added: Treasury bills, as well as pre-refunded municipal bonds that are secured by escrow funds containing U.S.
Government Securities.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.