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If a security that matures in 91 days has a money market yield of 3.6%, what is the security's bond-equivalent yield? a. 2.75% b. 3.55%
If a security that matures in 91 days has a money market yield of 3.6%, what is the security's bond-equivalent yield?
| a. | 2.75% | |
| b. | 3.55% | |
| c. | 2.71% | |
| d. | 3.65% |
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
