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A taxable bond has a coupon rate of 5 . 1 4 percent and a YTM of 5 . 4 3 percent. If an investor

A taxable bond has a coupon rate of 5.14 percent and a YTM of 5.43 percent. If an investor has a marginal tax rate of 39 percent, what is the equivalent aftertax yield?
Multiple Choice
8.43%
8.90%
6.02%
3.31%
3.14%
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