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A 77-day $2 million negotiable CD has a 1.23% annual rate quote. It is currently selling at par as market rates are 1.23%. What is

A 77-day $2 million negotiable CD has a 1.23% annual rate quote. It is currently selling at par as market rates are 1.23%. What is the bond equivalent yield?(Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.164))

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