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Assume that you are a taxpayer in the 37 percent tax bracket. Also, assume that you purchase a tax-exempt bond that pays 6 percent. What

Assume that you are a taxpayer in the 37 percent tax bracket. Also, assume that you purchase a tax-exempt bond that pays 6 percent. What is your taxable equivalent yield? Select one: a. 6 percent b. 8 percent c. 8.33 percent d. 9.52 percent e. 10.96 percent

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