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If you compare the yield of a municipal bond with that of a negotiable certificate of deposit, what is the equivalent before tax yield of

If you compare the yield of a municipal bond with that of a negotiable certificate of deposit, what is the equivalent before tax yield of the certificate of deposit if the municipal bond has a yield of 8 % per year and the investor has a marginal tax rate of 28%

A)8.28%
B)10.24%
C)11.11%
D)9.30%

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