Question
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 130 days from maturity and has a quoted nominal yield
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 130 days from maturity and has a quoted nominal yield of 6.68 percent.
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
