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Suppose you invest in a taxable corporate bond that is yielding 12% annual interest rate. If your marginal tax is 23%, what is the after-tax

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Suppose you invest in a taxable corporate bond that is yielding 12% annual interest rate. If your marginal tax is 23%, what is the after-tax or equivalent tax-exempt yield on the taxable bond? (Round your answer to 2 decimal places) All but one of the following represent a similarity between T-Bills and T-Bonds: Both are coupon issues. O Both are issued by U.S. Treasury. Both are free of default risk. . Both are backed by the full faith and credit of the U.S. government

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