Question 912 money market
Which of the following statements is NOT correct? Money market securities are:
(a) Coupon-paying, with regular coupon payments prior to maturity.
(b) Discount securities, so price is less than face value if interest rate is positive.
(d) Short term, their original maturity is usually less than one year.
(e) Priced using simple interest rates.
Copyright © 2014 Keith Woodward