问题
单项选择题
A banker’s acceptance that is priced at $99145 and matures in 72 days at $100000 has a (n):（）
A. money market yield greater than its discount yield.
B. discount yield greater than its bond equivalent yield.
C. money market yield greater than its bond equivalent yield.
答案
参考答案：A
解析：
The money market yield is the holding period yield times 360/72 and is always greater than the discount yield which is the actual discount from face value times 360/72, since the holding period yield is always greater than the percentage discount from face value. A security’s discount yield and its money market yield are always less than its bond equivalent yield, and its effective annual yield is always greater than its bond equivalent yield.