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Assume you are in the 33 percent tax bracket and purchase a 7.50 percent municipal bond. Calculate the taxable equivalent yield for this investment. Assume

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Assume you are in the 33 percent tax bracket and purchase a 7.50 percent municipal bond. Calculate the taxable equivalent yield for this investment. Assume that three years ago you purchased a $1,000 corporate bond that pays 5.1 percent. What is the annual dollar amount of interest that you receive from your bond investment

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