Assume that you are working for an Australian bank Treausury department and seeking a short-term investment opportunity. You are considering a commercial paper with the following details. It is a 60-day commercial paper quoted at a discount rate of 8.2% for a 360-day year. Its face value is 100, and its present value of 98.6. Your boss, a wonderful lady, oversights all long-term and short-term investments and aims for return maximization. 

She wants you to calculate the bond equivalent yield so it can be compared to other bond yields.