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A taxable bond has a coupon rate of 5.26 percent and a YTM of 5.51 percent. If an investor has a marginal tax rate of

A taxable bond has a coupon rate of 5.26 percent and a YTM of 5.51 percent. If an investor has a marginal tax rate of 39 percent, what is the equivalent aftertax yield? a)6.12% b)8.62% c)3.36% d)9.03% e)3.21%

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