Question: Calculate the bond equivalent yield and effective annual return on fed funds that are 26 days from maturity and have a quoted yield of 0.38

 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 26 days from maturity and have a quoted yield of 0.38 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places. (e.g., 32.1616)) Answer is complete but not entirely correct. Bond equivalent yield Effective annual return 0.3835 38.0700 X % %

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