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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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