A money market security with a $1000 face value and 68 days to maturity sells for $961.94.

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A money market security with a $1000 face value and 68 days to maturity sells for $961.94. What is its bond equivalent yield?

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Financial Markets and Institutions

ISBN: 978-1337099745

12th edition

Authors: Jeff Madura

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Posted Date: Mar 07, 2024 11:19 PM

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A money market security with a $1000 face value and 68 days to maturity sells for $961.94.

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Financial Markets and Institutions

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