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If a corporate bond of equal risk and structure to a municipal bond trades at a 9% yield to maturity, what is the expected yield
If a corporate bond of equal risk and structure to a municipal bond trades at a 9% yield to maturity, what is the expected yield to maturity on the municipal bond if the investors marginal tax rate is 30%?
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12.9%
9.0%
6.3%
2.7%
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