Question: Calculate the bond equivalent yield and effective annual return on fed funds that are 29 days from maturity and have a quoted yield of 0.32

Calculate the bond equivalent yield and effective annual return on fed funds that are 29 days from maturity and have a quoted yield of 0.32 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places. (e.g., 32.1616)) Bond equivalent yield Effective annual return
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