An investor recently purchased a corporate bond that yields 7.68%. The investor is in the 25% federal - plus - state tax bracket. What is the bond's after - tax yield to the investor?

Suppose the values for this problem change to:

Corporate Bond Yield: 9.15%

Tax Bracket: 17%

What is the bond's after-tax yield in percentage? Round your solution to three decimals and enter it without the percentage sign, i.e. you would enter 12.3456789% as 12.346.