9. The annualized yield on a particular money mar- ket instrument, IS 375%, The face value is...

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9. The annualized yield on a particular money mar-

ket instrument, IS 375%, The face value is $200,000 and it matures in 51 days, What is its price? u•hat would be me price if it had 71 days maturity?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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