Question: help ! Question 6 (10 points) The overnight Fed Funds rate is quoted at 4.7%. Please convert that to a bond equivalent yield. Answer in

help ! Question 6 (10 points) The overnight Fed Funds rate is help !

Question 6 (10 points) The overnight Fed Funds rate is quoted at 4.7%. Please convert that to a bond equivalent yield. Answer in percent to three decimal places. Omit the percent sign. Remember the Fed Funds rate is an overnight rate (1 day). Consider what rate Fed Funds are quoted at. Your

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