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134 A tax-exempt municipal bond has a yield to maturity of 5.72%. An investor, who has a marginal tax rate of 37.00%, would prefer and
134 A tax-exempt municipal bond has a yield to maturity of 5.72%. An investor, who has a marginal tax rate of 37.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to maturity of more than Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Wil accept decimal format rounded to 4 decimal places (ex: 0.0924)) 135 A stock just paid a dividend of $2.42. The dividend is expected to grow at 24.72% for two years and then grow at 3.91% thereafter. The required return on the stock is 11.74%. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places
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