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9. A municipal bond you are considering as an investment currently pays a yield of 6.75 percent. (LG 6-2) a. Calculate the tax equivalent yield

9. A municipal bond you are considering as an investment currently pays a yield of 6.75 percent. (LG 6-2) a. Calculate the tax equivalent yield if your marginal tax rate is 28 percent.

b. Calculate the tax equivalent yield if your marginal tax rate is 21 percent.

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