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A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 5.80 percent yield to maturity and a simlat:

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A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 5.80 percent yield to maturity and a simlat: risk corporate bond that offors a 7.10 percent yield. Determine the equivalent taxable yield. (Round your answer to 2 decimal places.) Which bond will give the client more profit after taxes? coeporate bond municipal bond

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