Question: Question 2 (25 marks) a) Describe the three main aspects common to money market securities. (13 marks) b) Calculate the discount yield, and bond equivalent

Question 2 (25 marks) a) Describe the three main aspects common to money market securities. (13 marks) b) Calculate the discount yield, and bond equivalent yield on a $1 million treasury bill that currently sells at 99.375 percent of its face value and is 65 days from maturity (12 marks)

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