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Question 2 (1 point) Assuming an investor is in the 15% tax bracket and the taxable equivalent yield (TEY) on a security that equals a

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Question 2 (1 point) Assuming an investor is in the 15% tax bracket and the taxable equivalent yield (TEY) on a security that equals a municipal bond yield is 11.18%. What is the yield on the municipal bond? None of the answers is correct 5% 11.18% the T-bill rate 9.5%

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