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What is the quoted discount rate on a money market instrument? Group of answer choices The interest rate earned as a percentage of the average
What is the quoted discount rate on a money market instrument?
Group of answer choices
The interest rate earned as a percentage of the average price of a bond
The riskfree rate used to calculate the present value of future cash flows from a bond
The interest rate earned as a percentage of the final face value of a bond
The interest rate earned as a percentage of the initial price of a bond
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