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Seved Assume you are in the 37 percent tax bracket and purchase a 5.50 percent, tax exempt municipal bond. Calculate the taxable equivalent yield for

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Seved Assume you are in the 37 percent tax bracket and purchase a 5.50 percent, tax exempt municipal bond. Calculate the taxable equivalent yield for this investment using the formula Taxable equivalent yield Tax exempt return(10 - Your tax rate) (Enter your answer as a percent rounded to 2 decimal places.) Taxable equivalent yold | 10 each = // D G C T N

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