Question
A money market security with a $1000 face value and 68 days to maturity sells for $961.94. What is its bond equivalent yield?
A money market security with a $1000 face value and 68 days to maturity sells for $961.94. What is its bond equivalent yield?
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
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