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%

Name: 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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The Answer of 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%

A US Security Yields 7% on an Annually-Compounded Bond Basis