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Calculate the bond equivalent yield and effective annual return on fed funds that are 18 days from maturity and has a quoted yield of 0.16

Calculate the bond equivalent yield and effective annual return on fed funds that are 18 days from maturity and has a quoted yield of 0.16 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places. (e.g., 32.161))

Bond equivalent yield %
Effective Annual return %

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