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12. a. what is the after tax yield for an investor in the 40% tax bracket if the taxable yield is 5% b. what is

12. a. what is the after tax yield for an investor in the 40% tax bracket if the taxable yield is 5%

b. what is the taxable-equivalent yield for an investor in the 39% tax bracket if the tax-exempt yield on an investment is 3.1%

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