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A bank is considering two securities: a 10-year Treasury bond yielding 4 percent and a 10-year municipal bond yielding 2.75 percent. If the bank's tax

A bank is considering two securities: a 10-year Treasury bond yielding 4 percent and a 10-year municipal bond yielding 2.75 percent. If the bank's tax rate is 25 percent, calculate the Treasury bond's tax equivalent yield. 3.0% 3.6% 3.2% 2.8%

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