What is the price of a money market security with the bond


1. A money market security with a $1000 face value and 175 days to maturity sells for $937.49. What is its bond equivalent yield?

Report your answer in % to the nearest 0.01%; e.g., enter 3.95% as 3.95.

2. What is the price of a money market security with the bond equivalent yield of 5.81%, 167 days to maturity, and a $1000 face value? Round to $0.01.

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Financial Management: What is the price of a money market security with the bond
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