If an investor is in a 30 percent marginal tax bracket and can purchase a straight (non-municipal bond) at 8.37 percent and a municipal bond at 6.

If an investor is in a 30 percent marginal tax bracket and can purchase a straight (non-municipal bond) at 8.37 percent and a municipal bond at 6.12 percent, what would be the equivalent before-tax yield on municipal bond

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