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Question 3 (2 points) Assume you are in the 15 percent tax bracket and purchase a 6.2 percent municipal bond. Calculate the taxable equivalent yield

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Question 3 (2 points) Assume you are in the 15 percent tax bracket and purchase a 6.2 percent municipal bond. Calculate the taxable equivalent yield for this investment. Convert your answer to a percent, then round to 2 decimal places (i.e. 1.25 2.44, 0.09, 12.44). Do not include the "%" sign in your response Your A

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