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The yield to maturity on a municipal bond that was issued in your state is 3.1%. If an investor has a 32% marginal tax rate

The yield to maturity on a municipal bond that was issued in your state is 3.1%. If an investor has a 32% marginal tax rate (federal and state combined), what is the equivalent taxable yield?

A. 4.092% B. 4.559% C. 2.108% D. 2.348%

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