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A municipal bond you are considering as an investment currently pays a yield of 6.95 percent. a. Calculate the tax equivalent yield if your marginal

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A municipal bond you are considering as an investment currently pays a yield of 6.95 percent. a. Calculate the tax equivalent yield if your marginal tax rate is 28 percent. b. Calculate the tax equivalent yield if your marginal tax rate is 21 percent. (For all requirements, round your answers to 3 decimal places. (e.g., 32.161) a. Tax equivalent yield b. Tax equivalent yield %

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