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Problem 5 - 3 ( LG 5 - 2 ) Calculate the bond equivalent yield and effective annual return on a negotiable CD that is
Problem LG
Calculate the bond equivalent yield and effective annual return on a negotiable CD that is days from maturity and has a quoted nominal yield of percent. Use days in a year. Do not round intermediate calculations. Round your percentage answers to decimal places. eg
tableBond equivalent yield,,
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