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Mission Bank borrowed $15 million in the Fed Funds market for 2-day(s) at 5.76%. What is the bond equivalent yield? (Do not round intermediate calculations.
Mission Bank borrowed $15 million in the Fed Funds market for 2-day(s) at 5.76%. What is the bond equivalent yield? (Do not round intermediate calculations. Round your answer to 4 decimal places. (e.g., 32.1645))
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