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Business, 19.11.2019 04:31 kaileyy06

The treasurer of a large corporation wants to invest $14 million in excess short-term cash in a particular money market investment. the prospectus quotes the instrument at a true yield of 6.46 percent; that is, the ear for this investment is 6.46 percent. however, the treasurer wants to know the money market yield on this instrument to make it comparable to the t-bills and cds she has already bought. if the term of the instrument is 92 days, what are the bond equivalent and discount yields on this investment?

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