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An investor recently purchased a corporate bond that yields 7.68%. The investor is in the 25% federal-plus tax bracket. What is the bond's after yield
An investor recently purchased a corporate bond that yields 7.68%. The investor is in the 25% federal-plus tax bracket. What is the bond's after yield to the investor? (Please show step by step solution, also the use of a financial calculator could be used as well, just as long as each step is shown).
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