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What is the tax-equivalent interest rate needed if you can purchase a municipal bond with a face value of $10000, a coupon rate of 8%,

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What is the tax-equivalent interest rate needed if you can purchase a municipal bond with a face value of $10000, a coupon rate of 8%, and a maturity date of 5 years? Assume you are in the 25% marginal federal tax bracket. 11.92%10.67%10.42%7.25%

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