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Question 4 Romeo & Juliet, a young married couple, have a U.S. Federal marginal tax rate of 35%. They invest in a municipal bond yielding

Question 4

Romeo & Juliet, a young married couple, have a U.S. Federal marginal tax rate of 35%. They invest in a municipal bond yielding 3.50%. Bond price par value. Determine their taxable equivalent yield on this bond. Show all calculations.

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