Can graduate students apply to positions marked for undergrads

Just graduated from undergrad and going back to grad school for 1 year because Corona got my offer rescinded. I am seeing some cool positions (ie Blackrock PE 2021 Analyst) pop up but they specify you must be finishing undergrad. Is it work the time to apply to a position like this since I will be a grad student or will it be an auto ding? Don't want to waste the time to apply and reach out and network for positions that can't pan out. Thanks

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