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EXAMPLE 5-6 Conversion of Federal Funds Rate of Interest to a Bond Equivalent Rate From Table 5-1, the overnight fed funds rate on May
EXAMPLE 5-6 Conversion of Federal Funds Rate of Interest to a Bond Equivalent Rate From Table 5-1, the overnight fed funds rate on May 16, 2016, was 0.41 percent. The con- version of the fed funds rate to a bond equivalent rate is calculated as follows:
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Project Finance in Theory and Practice
Authors: Stefano Gatti
2nd edition
978-9382291589, 123919460, 978-0124157538, 978-0123919465
