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The San Ramon Valley California Unified School District issued 10-year notes with a coupon of 5%. With a maturity of August 31, 2024, what is

  1. The San Ramon Valley California Unified School District issued 10-year notes with a coupon of 5%. With a maturity of August 31, 2024, what is tax-equivalent yield of these bonds if it was last quoted at 108.57, assuming your marginal tax rate of 35.93%?

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