CFA Level I sample question

CFA Level I 8. Yield and Yield Spread Measures for Floating-Rate Instruments question

Fixed Income / 8. Yield and Yield Spread Measures for Floating-Rate Instruments

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8. Yield and Yield Spread Measures for Floating-Rate Instruments sample question

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Fixed Income

8. Yield and Yield Spread Measures for Floating-Rate Instruments

A 90-day money market instrument is purchased for 99.20 per 100 of face value and pays 100 at maturity. On a 365-day add-on basis, the yield is closest to:

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