[Solved] 1a. An investor recently purchased a corp

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1a. An investor recently purchased a corporate bond which yields 8.5%. The investor is in the 38% combined federal and state tax bracket. What is

1a. An investor recently purchased a corporate bond which yields 8.5%. The investor is in the 38% combined federal and state tax bracket. What is the bond's after-tax yield? Round your answer to two decimal places. -Answer is NOT 5.37%

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