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Assume that you conduct a relative value trade and close it out after 3 5 days. Your 3 3 - day return is 0 .

Assume that you conduct a relative value trade and close it out after 35 days. Your 33-day return is 0.75%. Annualize this return as a Bond Equivalent Yield (BEY). Assume that a year has 365 days. State your answer as a percent.

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