Question
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 125 days from maturity and has a quoted nominal yield
Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 125 days from maturity and has a quoted nominal yield of 6.66 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) SHOW WORK PLEASE
| Bond equivalent yield | % |
| Effective annual return | %
|
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The Complete Guide To Property Finance
Authors: Richard W J Brown
1st Edition
1739832027, 978-1739832025
