Question: Calculate the bond equivalent yield and effective annual return on fed funds that are 1 7 days from maturity and have a quoted yield of

Calculate the bond equivalent yield and effective annual return on fed funds that are 17 days from maturity and have a quoted yield of 0.38 percent.
Note: Use 365 days in a year. Do not round intermediate calculations. Round your percentage answers to 4 decimal places. (e.g.,32.1616)

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