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A municipal bond is currently priced to yield 6.2%. The bond has 20 years until maturity and pays a 5.5% coupon. For a taxpayer in

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A municipal bond is currently priced to yield 6.2%. The bond has 20 years until maturity and pays a 5.5% coupon. For a taxpayer in the 25% marginal tax bracket, this bond would offer an equivalent taxable yield of Multiple Choice 10.75% 4.14% 8.27% 11.76% 9.65%

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