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Chec Problem 5-3 (LG 5-2) Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 135 days from maturity and

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Chec Problem 5-3 (LG 5-2) Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 135 days from maturity and has a quoted nominal yield of 6 70 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places, (e.g., 32.161) 9 Bond equivalent yield Effective annual return %

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