ACI Dealing Certificate 3I0-012 Question # 299 Topic 8 Discussion

ACI Dealing Certificate 3I0-012 Question # 299 Topic 8 Discussion

3I0-012 Exam Topic 8 Question 299 Discussion:
Question #: 299
Topic #: 8

A US security yields 7% on an annually-compounded bond basis. What is the equivalent annually- compounded money market yield?


A.

7.09%


B.

7.03%


C.

6.90%


D.

6.95%


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