A bank is considering an investment in a municipal secu- rity that offers a yield of 6
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A bank is considering an investment in a municipal secu- rity that offers a yield of 6 percent. What is this security's tax equivalent yield if the bank's tax rate is 35 percent? (LG 12-4)
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Related Book For 
Financial Markets And Institutions
ISBN: 9780078034664
5th Edition
Authors: Anthony Saunders, Marcia Cornett
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