Calculate the bond equivalent yield

Reference no: EM131951505

Question: Calculate the bond equivalent yield and effective annual return on a jumbo CD that is 135 days from maturity and has a quoted nominal yield of 6.70 percent. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g., 32.161)) Bond equivalent yield % Effective annual return %

Reference no: EM131951505

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