Problemif the overnight fed funds rate is quoted as 320, Ask an Expert

Finance

Problem:

If the overnight Fed funds rate is quoted as 3.20 percent, what is the bond equivalent rate?

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Question: Calculate the bond equivalent rate on Fed funds if the quoted rate is 4.70 percent.

Note: Please show the work not just the answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163297

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