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Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 135 days from maturity and has a quoted nominal yield

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Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 135 days from maturity and has a quoted nominal yield of 6.82 percent. (Use 365 days in a year. Do not round Intermediate calculations. Round your answers to 3 decimal places. (e.g. 32.161)) % Bond equivalent yield Effective annual retum

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