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Question 11 5 pts Paula is in the 40% tax bracket and she holds a municipal bond that pays a tax- exempt interest rate of

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Question 11 5 pts Paula is in the 40% tax bracket and she holds a municipal bond that pays a tax- exempt interest rate of 4%. What is the taxable equivalent bond yield? 7.10% 6.67% 3.75% 20.0% 2.12%

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