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A tax-free municipal bond provides a yield of 3.2%. What is the equivalent taxable yield on the bond given a 35% tax bracket? (Round final

A tax-free municipal bond provides a yield of 3.2%. What is the equivalent taxable yield on the bond given a 35% tax bracket? (Round final answer to two decimal places.) 4.92 % O 3.20% O 3.68% O 5.00%

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