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Why is it important to have a financial benchmark for short-term interest rates?

Why is it important to have a financial benchmark for short-term interest rates?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 15QTD
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Why is it important to have a financial benchmark for short-term interest rates?
Transcribed Image Text:Why is it important to have a financial benchmark for short-term interest rates?
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