Calculate the bond equivalent rate on fed funds


Problem:

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

Required:

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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Finance Basics: Calculate the bond equivalent rate on fed funds
Reference No:- TGS0881316

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