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13- The overnight fed funds rate on May 20,2016 , was 0.37 percent. Compute the bond equivalent rate and the effective annual return on the

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13- The overnight fed funds rate on May 20,2016 , was 0.37 percent. Compute the bond equivalent rate and the effective annual return on the fed funds as of May 20, 2016. (LG 5-2)

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