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A municipal bond carries a coupon rate of 6.00% and is trading at par. Required: What would be the equivalent taxable yield of this

A municipal bond carries a coupon rate of 6.00% and is trading at par. Required: What would be the equivalent taxable yield of this bond to a taxpayer in a 38% combined tax bracket? (Round your answer to 2 decimal places.) Equivalent taxable yield %

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