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Problem 5-4 (LG 5-1) Calculate the bond equivalent yield and effective annual return on fed funds that are 3 days from maturity and have a

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Problem 5-4 (LG 5-1) Calculate the bond equivalent yield and effective annual return on fed funds that are 3 days from maturity and have a quoted yield of 0.25 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your percentage answers to 4 decimal places. (e.g., 32.1616)) % Bond equivalent yield Effective annual return %

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