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Find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30%, if it offers a yield of 4.90%.
Find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30%, if it offers a yield of 4.90%.
(Round your answers to 2 decimal places.)
Tax Brackets | ||
a. | Zero | % |
b. | 10% | % |
c. | 20% | % |
d. | 30% | % |
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