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A taxable bond with a coupon rate of 6 . 0 0 % has a market price of 9 9 . 4 2 % of
A taxable bond with a coupon rate of has a market price of of par. The bond matures in years ans pays semiannually. Assume an investor has a marginal tax rate. The investor would prefer otherwise identical taxexempt bond if it's yield to maturity was more than
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