Question: help!!! A jumbo (i.e., negotiable) CD has a quoted yield of 7.7%. This is the yield conventionally quoted for this security. It has 202 days

help!!! A jumbo (i.e., negotiable) CD has a quoted yield of 7.7%. help!!!

A jumbo (i.e., negotiable) CD has a quoted yield of 7.7%. This is the yield conventionally quoted for this security. It has 202 days to maturity. What is the effective annual yield of this security? (This is not the bond equivalent yield, but rather the equivalent of an EAR (effective annual rate).) Note it makes sense to first calculate the bond equivalent yield. Answer in percent to three decimal places. Omit the percent sign. Your Answer: Answer Question 6 (10 points) The overnight Fed Funds rate is quoted at 4.7%. Please convert that to a bond equivalent yield. Answer in percent to three decimal places. Omit the percent sign. Remember the Fed Funds rate is an overnight rate (1 day). Consider what rate Fed Funds are quoted at. Your

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