A taxable bond with a coupon rate of 4.00% has a market price of 98.67% of par. The bond matures in 10.00 years ans pays semi-annually. Assume an investor has a 30.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____% Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

3 A taxable bond with a coupon rate of 4.00% has a market price of 98,67% of par. The bond matures in 10.00 years ans pays semi-annually. Assume an investor has a 30.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than Submit % Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required Wil accept decimal format rounded to 4 decimal places (ex0.0924)