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A taxable bond with a coupon rate of 6.00% has a market price of 99.01% of par. The bond matures in 7.00 years ans pays

A taxable bond with a coupon rate of 6.00% has a market price of 99.01% of par. The bond matures in 7.00 years ans pays semi-annually. Assume an investor has a 23.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____% Round to 2 decimal places

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