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A municipal bond has a coupon rate of 6.13 percent and a YTM of 5.73 percent. If an investor has a marginal tax rate of

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A municipal bond has a coupon rate of 6.13 percent and a YTM of 5.73 percent. If an investor has a marginal tax rate of 35 percent, what is the equivalent pretax yield on a taxable bond? Multiple Choice 9.43% 6.40% 3.98% 8.82% 3.72%

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