6.) Assume you are in the 25 percent tax bracket and purchase a 3.60 percent, tax-exempt municipal bond. Calculate the taxable equivalent yield for this investment using the formula: Taxable equivalent yield = Tax-exempt return = (1 - Your tax rate) Note: Enter your answer as a percent rounded to 2 decimal places. Taxable equivalent yield %

Assume you are in the 25 percent tax bracket and purchase a 3.60 percent, tax-exempt municipal bond. Calculate the taxable equivalent yield for this investment using the formula: Taxable equivalent yield = Tax-exempt return (1 Your tax rate ) Note: Enter your answer as a percent rounded to 2 decimal places