Question: Calculate the bond equivalent yield and effective annual return on fed funds that are 17 days from maturity and have a quoted yield of 0.28

 Calculate the bond equivalent yield and effective annual return on fed

Calculate the bond equivalent yield and effective annual return on fed funds that are 17 days from maturity and have a quoted yield of 0.28 percent. (Use 365 days in a year. Do not round intermediate calculations, Round your percentage answers to 4 decimal places. (e.g. 32.1616)) % Bond equivalent yield Effective annual return %

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