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A municipal bond has yield to maturity of 3.18 percent. An investor with a marginal tax rate of 35 percent is indifferent between this municipal

A municipal bond has yield to maturity of 3.18 percent. An investor with a marginal tax rate of 35 percent is indifferent between this municipal bond and an otherwise identical taxable corporate bond. What is the yield to maturity of the corporate bond?

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5.72 percent

4.89 percent

5.25 percent

5.88 percent

4.29 percent

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