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Calculate the bond equivalent yield and effective annual retum on a negotiable CD that is 120 days from maturity and has a quoted nominal yield

Calculate the bond equivalent yield and effective annual retum on a negotiable CD that is 120 days from maturity and has a quoted nominal yield of 6.50 percent. (Use 365 days in o year. Do not round intermediate calculations. Round your percentage answers to 3 decimal ploces. (e.g., 32.161)) Answer is complete but not entirely correct

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