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(Note: The answer is not 0.0069. Thank you in advance!) Question 8 O out of 5 points Suppose a 10-year US Treasury Note is yielding

image text in transcribed(Note: The answer is not 0.0069. Thank you in advance!)

Question 8 O out of 5 points Suppose a 10-year US Treasury Note is yielding 0.71%, and a 10-year Lubbock County Note is yielding 0.55%. If an investor has a marginal tax rate of 30%, calculate the tax-equivalent yield for the tax-exempt bond. (Enter percentages as decimals and round to four decimals)

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