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A bank is considering two securities: a 30-year Treasury bond yielding 7 percent and a 30-year municipal bond yielding 2 percent. a. If the bank's

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A bank is considering two securities: a 30-year Treasury bond yielding 7 percent and a 30-year municipal bond yielding 2 percent. a. If the bank's tax rate is 35 percent, calculate the Treasury bond's tax equivalent yield. (Round your answer to 1 decimal place. (e.9.,32.1)) b. Which bond offers the higher tax equivalent yield

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