- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 44. Introduction to Fixed-Income Valuation
- Subject 6. Yield Measures for Floating-Rate Notes and Money Market Instruments
CFA Practice Question
A bond equivalent yield is a money market rate stated on a ______ rate basis.
B. 360-day add-on
C. 365-day add-on
A. 360-day discount
B. 360-day add-on
C. 365-day add-on
Correct Answer: C
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