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Calculate the bond equivalent yield on a jumbo CD that is 140 days from maturity and has a quoted nominal yield of 7.6 percent. (Use

Calculate the bond equivalent yield on a jumbo CD that is 140 days from maturity and has a quoted nominal yield of 7.6 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)).

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