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Federal funds Quotes as of 0 9 / 2 0 / 2 0 1 6 table [ [ , , ] , [ ,
Federal funds Quotes as of
tableLatest,tableWeekagoHeEK,Effective rate LowTarget rate High Low
Consider a day loan made in September at the effective fed funds rate indicated in the table above. Bank A borrowed $fed funds purchased Bank B lent $fed funds sold
a How much did Bank A pay Bank B at end of week? round up to decimal places
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b What were the bondequivalent yield and EAR of this Fed Funds loan? yields should be in and rounded up to decimal places
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