- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 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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