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A client in the 3 4 percent marginal tax bracket is comparing a municipal bond that offers a 6 . 4 0 percent yield to
A client in the percent marginal tax bracket is comparing a municipal bond that
offers a percent yield to maturity and a similarrisk corporate bond that offers a
percent yield.
Determine the equivalent taxable yield.
Note: Round your answer to decimal places.
Which bond will give the client more profit after taxes?
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