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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