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We can use simple interest (instead of conpound interest) when valuing money market securities because a. they are short term b. they are liquid c.

We can use simple interest (instead of conpound interest) when valuing money market securities because

a.

they are short term

b.

they are liquid

c.

the transactions costs are low

d.

the markets are in equilibrium

e.

they are discount securities

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