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What is the taxable equivalent yield of a 3.5% municipal bond if the investor is in the 37% federal and 6% state tax brackets? The

What is the taxable equivalent yield of a 3.5% municipal bond if the investor is in the 37% federal and 6% state tax brackets? The investor lives in the state that issued the bond.

		3.72%
		6.14%
		5.91%
		8.14%

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