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not 15.45 accounting reveiw help A client in the 34 percent marginal tax bracket is comparing a municipal bond that offers a 5.10 percent yield

not 15.45 accounting reveiw help
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A client in the 34 percent marginal tax bracket is comparing a municipal bond that offers a 5.10 percent yield to maturity and a similarrisk corporate bond that offers a 6.75 percent yield. Determine the equivalent taxable yield. (Round your answer to 2 decimal places.)

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