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A money market security with a face value of $23,446 and 76 days to maturity is selling for $22,691.62. What is the current bank discount
A money market security with a face value of $23,446 and 76 days to maturity is selling for $22,691.62. What is the current bank discount yield for this security?
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The formula for bank discount yield is Bank Discount Yield Discount Face Value x 360 Days to M...
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
