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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 investor

A municipai bond has a coupon rate of

4.99

percent and a YTM of

5.33

percent. If an investor has a marginal tax rate of

35

percent, what is the equivalent pretax yield on a taxable bond?

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