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To a taxpayer in the 34% tax bracket, a municipal bond available ata price of 100 and a coupon rate of 12% has a taxable

To a taxpayer in the 34% tax bracket, a municipal bond available ata price of 100 and a coupon rate of 12% has a taxable equivalentyield of __________.

A. 6.6%

B. 10.0%

C. 13.4%

D. 18.2%

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