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Question 13 Naye answered Points out of O P Flag Question If a business has a 34% tax rate and a tax-exempt municipal bond pays

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Question 13 Naye answered Points out of O P Flag Question If a business has a 34% tax rate and a tax-exempt municipal bond pays 2.75% interest, what is the necessary tax-equivalent return? [Minimum Tax-Exemption Bond Yield (Tax-Exempt Yield * (1 - tax rate)). Tax-Equivalent Bond Yield (Tax-Exempt Yield / (1 - tax rate)}] Time left 0:22:03

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