A municipal bond carries a coupon of 6 3/4 percent and is trading at par To a
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A municipal bond carries a coupon of 6 3/4 percent and is trading at par To a taxpayer in the 34 percent tax bracket, what would the taxable equivalent yield of this bond be?
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a. b. 4.5 percent 10.2 percent c. 13.4 percent d. 19.9 percent
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