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The City of Tempe has a municipal bond outstanding with an interest rate of 3.6%. For an investor in the 15% tax bracket, what is

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The City of Tempe has a municipal bond outstanding with an interest rate of 3.6%. For an investor in the 15% tax bracket, what is their tax equivalent yield? 4.8% 4.4% 4.6% 0 4.2%

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