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A municipal bond has a yield to maturity of 4.7 percent. What corporate bond yield would make an investor in the 34 percent tax bracket

A municipal bond has a yield to maturity of 4.7 percent. What corporate bond yield would make an investor in the 34 percent tax bracket indifferent between the two bonds, all else the same?(Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Bond yield %

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