After getting not one answer on this website, I decided to call Bose Corporation service (I'm out of warranty by years). Bose Corp's representative advised:
Unplug the Bose Wave radio from the receptacle.
Wait thirty seconds.
Plug it back in.
It will reset and should eject the stuck CD.
IT WORKED! Note: the CD in question had a peel strip on it that apparently was the reason for it getting stuck - DO NOT put peel (adhesive) strips to lable the CD - Use a felt tipped marker that identifies the CD without increasing the thickness. I hope this prevents someone else from having a stuck CD. Best regards,
Robert A., July 2011