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A bank is considering two securities: a 30-year Treasury bond yielding 5 percent and a 30 -year municipal bond yielding 4 percent. o. If the

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A bank is considering two securities: a 30-year Treasury bond yielding 5 percent and a 30 -year municipal bond yielding 4 percent. o. If the bank's tax rate is 30 percent, calculate the Treasury bond's tax equivalent yleld. (Round your onswer to 1 decimal place. (e.g. 32.1)) b. Which bond offers the higher tax equivalent yield

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