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Suppose that you consider investing in a municipal bond issued by the Cleveland County or a corporate bond. The municipal bond yields 5.75 percent per

Suppose that you consider investing in a municipal bond issued by the Cleveland County or a corporate bond. The municipal bond yields 5.75 percent per year. If you are in the 25 percent tax bracket, what is equivalent taxable yield on the municipal bond?

A

4.31%
B

5.75%
C

6.76%
D

7.67%

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