Quantitative Methods - Quantitative Methods Section 1
- Option : A
- Explanation : The money market yield is: 4.76%. The more intuitive method is to first calculate the HPY and then use the HPY to calculate the money market yield. To calculate the HPY, we need the discount, D: 0.047 = (D/100,000) * 360/90. D = 1,175. P = 98,825. HPY = 1,175 / 98,825 = 0.01189.
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