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A corporate bond pays 6.4 percent interest. You are in the 34 percent tax bracket. What is your after-tax yield on this bond in percent?

A corporate bond pays 6.4 percent interest. You are in the 34 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 places (e.g., 32.16).)

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