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A municipal bond has a coupon rate of 5.89 percent and a YTM of 5.57 percent. If an investor has a marginal tax rate of

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A municipal bond has a coupon rate of 5.89 percent and a YTM of 5.57 percent. If an investor has a marginal tax rate of 35 percent, what is the equivalent pretax yield on a taxable bond? 3.83% 9.06% 6.20% 3.62% 8.57%

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