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Laura just purchased a Florida general obligation bond with a yield of 4%. She is in the 35% federal bracket and 5% state bracket and

Laura just purchased a Florida general obligation bond with a yield of 4%. She is in the 35% federal bracket and 5% state bracket and is subject to the federal 3.8% NIIT. If Laura lives in Florida, what is the equivalent yield on a corporate bond? A) 4.219 B.)7.66% C.) 7.12% D.)6.67%

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