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Suppose a BBB-rated corporate bond offers a yield of 4.00%. If an investor has a tax rate of 28%, what is the minimum yield on

Suppose a BBB-rated corporate bond offers a yield of 4.00%. If an investor has a tax rate of 28%, what is the minimum yield on a BBB-rated municipal bond that makes the investor prefer the municipal bond to the corporate bond? (If your answer is 5.25%, enter 5.25.)

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