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QUESTION
What's the equivalent taxable yield on a 6 percent municipal bond for high-income investors in the 35 percent marginal tax bracket?
What's the equivalent taxable yield on a 6 percent municipal bond for high-income investors in the 35 percent marginal tax bracket?
A. 8.43 percent
B. 8 percent
C. 4.52 percent
D. 9.23 percent
