Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 130 days from maturity and ha

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answerhappygod
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Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 130 days from maturity and ha

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Calculate the bond equivalent yield and effective annual returnon a negotiable CD that is 130 days from maturity and has a quotednominal yield of 6.60 percent. (Use 365 days in ayear. Do not round intermediate calculations. Roundyour percentage answers to 3 decimal places. (e.g.,32.161))
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