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2. Consider the following money market instruments. Instrument Maturity, Days Interest rate Discount/Add- Day convention 60 90 120 180 4% 4.2 4.5 on Discount Add-on

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2. Consider the following money market instruments. Instrument Maturity, Days Interest rate Discount/Add- Day convention 60 90 120 180 4% 4.2 4.5 on Discount Add-on discount Add-on 30/360 Actual/365 Actual/365 Actual/360 Assume the principal (face amount) amount in each case $100,000. Calculate the annual bond equivalent yields

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