ACT CertTF
ACT Certificate in Treasury Fundamentals (CertTF)
Calculation Financial MathematicsEnglish
Exam overviewPractice session
A UK corporate treasury purchases a 91-day Treasury bill with a face value of £1,000,000 at an issue price of £985,000. Assuming an Actual/365 day-count convention, what is the annualised Money Market Yield (MMY)?
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