Question
On 5/1/2021, here is the schedule of investments for the ABC money market fund. All are fixed-rate. What percentage of assets satisfy the weekly liquidity
On 5/1/2021, here is the schedule of investments for the ABC money market fund. All are fixed-rate. What percentage of assets satisfy the weekly liquidity requirement for MMFs?
| Total Assets = 400 | Value | Maturity Date |
| Treasury Bills | 30 | 11/5/2021 |
| Commercial Paper | 100 | 5/4/2021 |
| Jumbo CDs | 200 | 5/25/2021 |
| FHLB Discount Notes | 40 | 6/1/2021 |
| Fannie Mae Notes | 10 | 12/2/2021 |
| Cash (Bank Checking Account) | 20 |
|
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Financial Valuation Workbook
Authors: James Hitchner, Michael J. Mard
1st Edition
0471220833, 978-0471220831
