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An investor purchased at 95% of face value, a 1 million Negotiable CD with 92 days to maturity. What is the Bond Equivalent Yield? PRESENT
An investor purchased at 95% of face value, a 1 million Negotiable CD with 92 days to maturity. What is the Bond Equivalent Yield?
PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES. DON'T USE THE PERCENTAGE SYMBOL. EX IF YOUR ANSWER IS 37%, JUST WRITE 37
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