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An investor recently purchased a corporate bond that yields 7.68%. The investor is in the 25% federal - plus - state tax bracket. Suppose the

An investor recently purchased a corporate bond that yields 7.68%. The investor is in the 25% federal - plus - state tax bracket.

Suppose the values for this problem change to:

Corporate Bond Yield: 5.37%

Tax Bracket: 12%

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.

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