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The City of Tempe has a municipal bond outstanding with an interest rate of 3.4%. For an investor in the 28% tax bracket, what is
The City of Tempe has a municipal bond outstanding with an interest rate of 3.4%. For an investor in the 28% tax bracket, what is their tax equivalent yield?
Group of answer choices
4.7%
2.9%
2.3%
12.1%
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