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Sandra Costner is considering the purchase of a tax-exempt security that is yielding 7%. Sandra is the 34% tax bracket. To match this 7% after-tax

Sandra Costner is considering the purchase of a tax-exempt security that is yielding 7%. Sandra is the 34% tax bracket. To match this 7% after-tax yield, Sandra should consider taxable securities that pay a least

A.

13.68%

B.

9.09%

C.

7.56%

D.

10.61%

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