A portfolio manager has asked you to evaluate the following Thai baht-denominated money market instruments with equivalent credit risk.180 daysShort-Term Thai T-BillsQuotation Basis: Discount RateNumber of Days in the Year: 360Quoted Rate: 4.78%Thai Bank Certificate of DepositQuotation Basis: Discount RateNumber of Days in the Year: 365Quoted Rate: 4.81%Thai Corporate Commercial PaperQuotation Basis: Add-On RateNumber of Days in the Year: 365Quoted Rate: 4.85%Which instrument has the highest rate of return on a bond equivalent yield basis?A)Short-term Thai T-billsB)Thai bank certificate of depositC)Thai corporate commercial paper

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