Page 97 - CFA - Day 1 & 2 Course Notes
P. 97
LOS 7.e: Calculate and interpret the bank
discount yield, holding period yield, Session Unit 2: Discounted Cash Flow Applications
effective annual yield, and money market
yield for US Treasury bills and other money
market instruments
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%?
