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An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 7% yields, what yield must municipals offer for the

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An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 7% yields, what yield must municipals offer for the investor to prefer them to corporate bonds? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Municipal's offer 7.00 %

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