1. In what instances might a government want to participate in a public entity risk pool?
2. How do you calculate the total tax deductible costs for Rach year and each option?
3. If the overnight Fed funds rate is quoted as 3.25 percent, what is the bond equivalent rate? Calculate the bond equivalent rate on Fed funds if the quoted rate is 4.75 percent. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))