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Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 110 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 110 days from maturity and has a quoted nominal yield of 6.52 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Answer is complete but not entirely correct. Bond equivalent yield Effective annual return 6.813% 18.3473%

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