Question: Calculate the effective annual return on fed funds that are 3 days from maturity and have a quoted yield of 0.5 percent. Select one: .2535%

Calculate the effective annual return on fed funds that are 3 days from maturity and have a quoted yield of 0.5 percent.

Select one:

.2535%

.2538%

1.2535%

1.2538%

.51%

none of the above

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