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A bond issued by the state of Alabama is priced to yield 6.50%. If you are in the 28% tax bracket, this bond would provide

A bond issued by the state of Alabama is priced to yield 6.50%. If you are in the 28% tax bracket, this bond would provide you with an equivalent taxable yield of _________.
4.68%
7.50%
9.03%
none of these options

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