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Solve the system.
Money Market Instrument
Short-term financial instruments that are highly liquid and considered safe, such as treasury bills and certificates of deposit.
Preferred Stock
A class of ownership in a corporation with a fixed dividend, senior to common stock but junior to bonds in claim on assets and earnings.
Commercial Paper
Short-term unsecured promissory notes issued by companies to finance their short-term liabilities.
Bank Discount Yield
A measure of the annualized yield on a short-term, non-interest bearing security like a Treasury bill, calculated using the discount from face value and the time to maturity.
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