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The Woodland Park Bank has purchased a bank - qualified municipal bond with a yield of 6 . 0 % . This bank had to
The Woodland Park Bank has purchased a bankqualified municipal bond with a yield of This bank had to borrow funds to make this purchase at a cost of Let of the interest cost of funding this bond purchase be tax deductible. This bank is in the tax bracket. What is the net aftertax return on this bankqualified municipal bond?
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