Question: Calculate the bond equivalent yield and effective annual return on fed funds that are 18 days from maturity and has a quoted yield of 0.16
Calculate the bond equivalent yield and effective annual return on fed funds that are 18 days from maturity and has a quoted yield of 0.16 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places. (e.g., 32.161))
| Bond equivalent yield | % |
| Effective Annual return | % |
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