Question: Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 120 days from maturity and has a quoted nominal yleld

Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 120 days from maturity and has a quoted nominal yleld of 6.50 percent (Use 365 days in a year. Do not round intermediate calculations. Round your percentage answers to 3 decimal places. (e.g., 32.161))

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