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A client in the 29 percent marginal tax bracket is comparing a municipal bond that offers a 4.6 percent yield to maturity and a similar

A client in the 29 percent marginal tax bracket is comparing a municipal bond that offers a 4.6 percent yield to maturity and a similar risk corporate bond that offers a 6.5 percent yield.

Determine the equivalent tax yield percentage

Which bond will give the client more profit after taxes? Municipal or Corporate bond.

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