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A money market security matures in 90 days at $1,000,000. With an add-on rate of 1.5%, its price is closest to: A. $985,221 B. $996,250

A money market security matures in 90 days at $1,000,000. With an add-on rate of 1.5%, its price is closest to:

A. $985,221 B. $996,250 C. $996,264

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