#finance #steiner-mastering-financial-calculations-3ed
Yields for financial instruments are generally quoted in the market in
simple (i.e. not compounded) way, regardless of whether they are short-term money market instruments such as treasury bills and deposits, or long-term capital markets instruments such as bonds and swaps.
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piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p11
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