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The YTM on a municipal bond is 2.23% and the yield on an equivalent risk corporate bond is 2.84%. The investor's marginal tax rate is

The YTM on a municipal bond is 2.23% and the yield on an equivalent risk corporate bond is 2.84%. The investor's marginal tax rate is 25%. Compute the effective taxable yield on the municipal bond. A. 1.67% B. 2.13% C. 2.97% D. 3.78%

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