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A municipai bond has a coupon rate of 4 . 9 9 percent and a YTM of 5 . 3 3 percent . If an

A municipai bond has a coupon rate of
4
.
9
9
percent and a YTM of
5
.
3
3
percent. If an investor has a marginal tax rate of
3
5
percent, what is the equivalent pretax yield on a taxable bond?

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