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What is the tax-equivalent yield of the following municipal bond? Price: $1,000 Coupon Rate: 8% Federal Tax Rate: 30% Maturity: 15 Years O 10.4% O

What is the tax-equivalent yield of the following municipal bond? Price: $1,000 Coupon Rate: 8% Federal Tax Rate: 30% Maturity: 15 Years O 10.4% O 6.2% O 8.0% O 11.4% O 22.0%

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