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What is the pre-tax equivalent yield for a municipal bond with a 4.5% yield if an investor has a tax rate of 10%? A. 4.44%

What is the pre-tax equivalent yield for a municipal bond with a 4.5% yield if an investor has a tax rate of 10%?

A. 4.44%

B. 5.00%

C. 5.71%

D. 6.67%

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