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A municipal bond has a coupon rate of 5.92 percent and a YTM of 5.59 percent. If an investor has a marginal tax rate of
A municipal bond has a coupon rate of 5.92 percent and a YTM of 5.59 percent. If an investor has a marginal tax rate of 39 percent, what is the equivalent pretax yield on a taxable bond? O 3.41% O 1614 O 0.39 09.70% 9.16
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