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6. A municipal bond has a coupon rate of 5.20 percent and a YTM of 5.47 percent. If an investor has a marginal tax rate

6. A municipal bond has a coupon rate of 5.20 percent and a YTM of 5.47 percent. If an investor has a marginal tax rate of 30 percent, what is the equivalent pretax yield on a taxable bond

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