Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 120 days from maturity and has a quoted nominal yield 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)) Answer is complete but not entirely correct. Bond equivalent yield Effective annual return 6.501 % 6.500 %

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