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A taxable bond with a coupon rate of 5 . 0 0 % has a market price of 9 9 . 3 6 % of

A taxable bond with a coupon rate of 5.00% has a market price of 99.36% of par. The bond matures in 13.00 years ans pays semi-annually. Assume an investor has a 31.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than %
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))
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