Question: Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 130 days from maturity and has a quoted nominal yield

Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 130 days from maturity and has a quoted nominal yield of 6.56 percent.

Group of answer choices

6.65%, 6.79%

6.65%,6.84%

6.56%, 6.84%

6.65%, 6.815

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