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A client in the 3 7 percent marginal tax bracket is comparing a municipal bond that offers a 6 . 3 0 percent yield to

A client in the 37 percent marginal tax bracket is comparing a municipal bond that
offers a 6.30 percent yield to maturity and a similar-risk corporate bond that offers a
7.35 percent yield.
Determine the equivalent taxable yield.
Note: Round your answer to 2 decimal places.
Which bond will give the client more profit after taxes?
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