The overnight fed funds rate on October 1, 2008, was 0.97 percent. Compute the bond equivalent rate

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The overnight fed funds rate on October 1, 2008, was 0.97 percent. Compute the bond equivalent rate and the effective annual return on the fed funds as of October 1, 2008.

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:33 AM

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The overnight fed funds rate on October 1, 2008, was 0.97 percent. Compute the bond equivalent rate

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i ff be 097 365 360 098347 Rememberin...View the full answer

Financial Markets and Institutions

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