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Suppose an investors tax bracket is 20%. What is the equivalent taxable yield of the 4% tax-free yield? a. 20% b. 5% c. 15% d.

Suppose an investors tax bracket is 20%. What is the equivalent taxable yield of the 4% tax-free yield?

a. 20%

b. 5%

c. 15%

d. 6%

please answer!

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