Question: QUESTION 4 Show all work (equations or calculator inputs) to receive credit. A money market security with 120 days to maturity can be bought for

 QUESTION 4 Show all work (equations or calculator inputs) to receive

QUESTION 4 Show all work (equations or calculator inputs) to receive credit. A money market security with 120 days to maturity can be bought for 96% of par value. a) Calculate the security's bond equivalent yield. b) Calculate the security's EAR

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