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A municipal bond has a coupon rate of 6.07 percent and a YTM of 5.69 percent. If an investor has a marginal tax rate of

A municipal bond has a coupon rate of 6.07 percent and a YTM of 5.69 percent. If an investor has a marginal tax rate of 28 percent, what is the equivalent pretax yield on a taxable bond? Multiple Choice O O 7.90% O 6.14% 8.43% O 4.10% o 4.37%

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