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QUESTION
A municipal bond carries a coupon rate of 7.25% and is trading at par. what would be the equivalent taxable yield of this bond to a taxpayer in a 35% tax bracket? (round your answer to 2 decimal place
A municipal bond carries a coupon rate of 7.25% and is trading at par. what would be the equivalent taxable yield of this bond to a taxpayer in a 35% tax bracket? (round your answer to 2 decimal places.) equivalent taxable yield
