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6. A 180-day banker's acceptance is quoted at a discount of 3.75% for a 360 -day year, what is the bond equivalent yield (annual rate)
6. A 180-day banker's acceptance is quoted at a discount of 3.75% for a 360 -day year, what is the bond equivalent yield (annual rate) if the equivalent yield in quoted on a 365 -day year basis? ( 6 points)
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