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QUESTION
Taxable Equivalent Yield What's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.2 percent for an investor in the 25
Taxable Equivalent Yield What's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.2 percent for an investor in the 25 percent marginal tax bracket? (Round your answer to 2 decimal places.)
