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Assume you are a taxpayer in a 25% tax bracket. Also assume you purchase a tax exempt bond that pays 5 percent. What is your
Assume you are a taxpayer in a 25% tax bracket. Also assume you purchase a tax exempt bond that pays 5 percent. What is your taxable equivalent yield?
- 4.5%
- 6.67%
- 7.33%
- 8%
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