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First National Bank offers 2-year CDs at 9.73%, compounded daily, and Citywide Savings offers 2-year CDs at 9.74% compounded quarterly. Compute the annual yield for

First National Bank offers 2-year CDs at 9.73%, compounded daily, and Citywide Savings offers 2-year CDs at 9.74% compounded quarterly. Compute the annual yield for each institution

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