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A municipal bond carries a coupon rote of 6.25% and is trading at par What would bo the equivalent taxable yield of this bond to

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A municipal bond carries a coupon rote of 6.25% and is trading at par What would bo the equivalent taxable yield of this bond to a taxpayer in a 40% tax bracket? (Round your answer to 2 decimal places) Learning object distinguish among the major assets that trade In money markets and in capital markets. ? 1 *middot^^^v* 4 'H *

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