If the overnight fed funds rate is 5.33%, what is the bond equivalent yield and effective annual return on fed funds? Problem 4: A dealer enters an overnight repurchase agreement with a counterparty by agreeing to sell U.S. Treasuries with a market value of $9,579,551.63 to the counterparty at a repo yield of 0.35%. What is the total payment that the dealer must make to the counterparty at the end of the repurchase agreement? (Hint: Calculate the required interest payment). What is the bond equivalent yield