Question: Question 18 (5 points) The overnight Fed Funds rate is quoted at 4.8%. Please convert this to an effective yield. (This is not the bond

Question 18 (5 points) The overnight Fed Funds rate is quoted

Question 18 (5 points) The overnight Fed Funds rate is quoted at 4.8%. Please convert this to an effective yield. (This is not the bond equivalent yield, but rather the equivalent of an EAR (effective annual rate).) It makes sense to first convert it to a bond equivalent yield. Answer in percent to three decimal places. Omit the percent sign. Your

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