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A discounted money market security with a 3-month maturity (i.e., 91 days) and a $10,000 face value was just issued at a 1% discount rate.

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A discounted money market security with a 3-month maturity (i.e., 91 days) and a $10,000 face value was just issued at a 1% discount rate. a. What is the dollar discount on this instrument? b. Calculate the instrument's bond-equivalent yield. For the toolbar, press ALT +F10 (PC) or ALT+FN+F10 (Mac)

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