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What is the equivalent yield on a tax-free 9% bond yield for an investor with a marginal tax rate of 28%? A. 6.48% B. 7.25%

What is the equivalent yield on a tax-free 9% bond yield for an investor with a marginal tax rate of 28%?

A. 6.48%

B. 7.25%

C. 8.02%

D. 9.00%

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