question 1)

Calculate the bond equivalent yield and effective annual return on fed funds that are 25 days from maturity and have a quoted yield of 0.21 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your percentage answers to 4 decimal places. (e.g., 32.1616))

Bond Equivalent yield __%

Effective annual return __%

Question 2)

Suppose you purchase a Treasury bill that is 103 days from maturity for $9,810. The Treasury bill has a face value of $10,000. a. Calculate the Treasury bills quoted discount yield. b. Calculate the Treasury bills bond equivalent yield. (For all requirements, use 360 days for discount yield and 365 days in a year for bond equivalent yield and effective annual return. Do not round intermediate calculations. Round your percentage answers to 3 decimal places. (e.g., 32.161))

A) treasury bill's quoted discount yield ____%

B) treasury bulls equivalent yield ___%