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A bond issued by the State of Pennsylvania provides a 4.00% yield. What yield on a Synthetic Chemical Company bond would cause the two bonds

A bond issued by the State of Pennsylvania provides a 4.00% yield. What yield on a Synthetic Chemical Company bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 35% tax bracket? a. 6.28% b. 6.22% c. 5.48% d. 6.15% e. 4.80%

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