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Calculate the bond equivalent yleld and effective annual return on a negotiable CD that is 115 days from maturity and has a quoted nominal yield

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Calculate the bond equivalent yleld and effective annual return on a negotiable CD that is 115 days from maturity and has a quoted nominal yield of 6.86 percent (Use 365 days in a year. Do not round intermediate calculations. Round your percentage answers to 3 decimal places, (e.g., 32.161)) Answer is complete but not entirely correct. Bond equivalent yield Effective annual retum 6.874 7.031 % %

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