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For each of the following investments, calculate the after-tax yield, assuming that the marginal federal income tax rate is 24 percent and the marginal state

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For each of the following investments, calculate the after-tax yield, assuming that the marginal federal income tax rate is 24 percent and the marginal state tax rate is 6 percent. (a) Corporate bond held in taxable account with an 8 percent pretax yield. (Round answer to 2 decimal places, e.g. 52.71.) %

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