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A municipal bond has a coupon rate of 5.95 percent and a YTM of 5.61 percent. If an investor has a marginal tax rate of
A municipal bond has a coupon rate of 5.95 percent and a YTM of 5.61 percent. If an investor has a marginal tax rate of 28 percent, what is the equivalent pretax yield on a taxable bond? Multiple Chaice 4.28% 4.04% O 6.04% O 7.79% O 8.26% A municipal bond has a coupon rate of 5.95 percent and a YTM of 5.61 percent. If an investor has a marginal tax rate of 28 percent, what is the equivalent pretax yield on a taxable bond? Multiple Chaice 4.28% 4.04% O 6.04% O 7.79% O 8.26%
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