Paul is considering a tax-exempt security that is paying a yield of 9.5 percent.Paul is in the
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Question:
Paul is considering a tax-exempt security that is paying a yield of 9.5 percent.Paul is in the 22.0 percent tax bracket so to match the tax-exempt yield, he would consider taxable securities that pay
15.71 percent
12.18 percent
13.37 percent
12.84 percent
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