The bond equivalent yield of a 180-day banker's acceptance quoted at a discount rate of4.25% for a 360-day year is closest to:
A) 4.31%.
B) 4.34%.
C) 4.40%.

Name: The bond equivalent yield of a 180-day banker's acceptance quoted at a discount rate of4.25% for a 360-day year is closest to: A) 4.31%. B) 4.34%. C) 4.40%.
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The Answer of The bond equivalent yield of a 180-day banker's acceptance quoted at a discount rate of4.25% for a 360-day year is closest to:
A) 4.31%.
B) 4.34%.
C) 4.40%.

The Bond Equivalent Yield of a 180-Day Banker's Acceptance Quoted