Suppose you invest in a municipal bond that pays a yield of 12%. If your marginal tax is 22%, what is the equivalent yield on the taxable bond? (write your answer in percentage and round it to 2 decimal places)

Moving to another question will save this response Quest Question 25 2 point Suppose you invest in a municipal bond that pays a ywd of 12% if your marginal toxis 22%, what is the event yold on the taxible bond? bento your answer in penceritage and round to 2 decimal pla & Moving to another question will save this response Quest DELL