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A municipal bond has yield to maturity of 6.35%. What is the equivalent taxable bond's yield if an investor's tax rate is 33% ? 8.50%

A municipal bond has yield to maturity of 6.35%. What is the equivalent taxable bond's yield if an investor's tax rate is 33% ? 8.50% 9.48% 19.24% 7.91% 11.73%

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