WHICH OF THE FOLLOWING 90-DAY MONEY MARKET INSTRUMENTS MOST LIKEL...

103. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

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103. Which of the following 90-day money market instruments most likely offers the investor the

highest rate of return?

Money Market Instrument Quoted Rate Quotation Basis Day Convention

Instrument A 5.78% 360 Discount rate

Instrument B 5.80% 365 Discount rate

Instrument C 5.96% 365 Add-on rate

A. Instrument C

B. Instrument B

C. Instrument A