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A municipal bond has a coupon rate of 5.02 percent and a YTM of 5.35 percent. If an investor has a marginal tax rate of

A municipal bond has a coupon rate of 5.02 percent and a YTM of 5.35 percent. If an investor has a marginal tax rate of 39 percent, what is the equivalent pretax yield on a taxable bond? Multiple Choice 823% 592 % 306% 326% 877%

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