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A bond issued by the state of Alabama is priced to yield 7 . 1 5 % . If you are in the 2 0

A bond issued by the state of Alabama is priced to yield 7.15%. If you are in the 20% tax bracket, this bond would provide you with an equivalent taxable yield of __________blank.
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5.72%
8.15%
8.94%
none of these options

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