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What is the taxable equivalent yield(TEY) for an investor purchasing a 5% municipal bond if she's in gthe 24% tax bracket? A. 5% B. 5.88%

What is the taxable equivalent yield(TEY) for an investor purchasing a 5% municipal bond if she's in gthe 24% tax bracket?

	A.	5%
	B.	5.88%
	C.	6.14%
	D.	6.58%

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