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An investor is in the 28% income tax bracket and can earn 3.3% on a non-taxable bond. What is the comparable yield on a taxable

An investor is in the 28% income tax bracket and can earn 3.3% on a non-taxable bond. What is the comparable yield on a taxable bond? If this same investor can earn 5.9% on a taxable bond, what must be the yield on a nontaxable bond so that the after-tax yields are equal?

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