Page 41 - FINAL CFA I SLIDES JUNE 2019 DAY 2
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LOS 7.e: Calculate and interpret the bank discount yield,
holding period yield, effective annual yield, and money Session Unit 2: Discounted Cash Flow Applications
market yield for US Treasury bills and other money
market instruments, p.118
Example: Money market yield, rMM: What is the money market yield for a 120-day T-bill that has a bank discount yield of
4.50%?
