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I offer to borrow money from you for 30 days at the following interest rate quotations: A. a discount rate of 8.30%. B. a simple
I offer to borrow money from you for 30 days at the following interest rate quotations: A. a discount rate of 8.30%. B. a simple interest money market rate of 8.37%. C. a bond equivalent yield (simple interest 365 day) rate of 8.45%. Which is the better deal from your point of view?
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