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Calculate the bond equivalent yield and effective annual return on fed funds that are 17 days from maturity and have a quoted yield of 0.38
Calculate the bond equivalent yield and effective annual return on fed funds that are 17 days from maturity and have a quoted yield of 0.38 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places. (e.g., 32.1616))
Bond equivalent yield %
Effective annual return %
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