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Assume you are in a 35% marginal tax bracket. This means that every additional dollar of income you earn will be taxed at 35%. You

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Assume you are in a 35% marginal tax bracket. This means that every additional dollar of income you earn will be taxed at 35%. You are considering a $5,000 investment in a tax exempt CA municipal bond with a 2.4% yield. Show your work: Use the taxable equivalent yield formula to determine the rate a taxable investment would have to pay to be superior to the municipal. Dov 12pt Paragraph BI U AAT

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