Investment of 20000 in excess short-term cash in money, Ask an Expert

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Investment of $20,000 in excess short-term cash in money market investment. Prospectus quotes the instrument at a true yield of 3.15% that is the EAR for this investment is 3.15%. Treasurer wants to know the money market yield on this investment to make it comparable to the T-bills and Cds already have. Term is 90 days, what is the bond equivalent and discount yields on the investment.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91727387

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