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A corporate bond pays 5 . 4 percent interest. You are in the 2 9 percent tax bracket. What is your after - tax yield

A corporate bond pays 5.4 percent interest. You are in the 29 percent tax bracket. What is your after-tax yield on this bond in percent? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal place

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