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A high-yield fully-taxable bond offered by the Tim LaBorde Corporation is yielding 6.056%. What is the minimum yield on a tax-exempt municipal bond that an
- A high-yield fully-taxable bond offered by the Tim LaBorde Corporation is yielding 6.056%. What is the minimum yield on a tax-exempt municipal bond that an investor in the 28% tax bracket would find acceptable?
- 4.36 %
- 6.34 %
- 7.82 %
- 10.25 %
- 13.54 %
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