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Yields of a Bond A 5.0 percent coupon municipal bond has 15 years left to maturity and has a price quote of 97.75. What is

Yields of a Bond A 5.0 percent coupon municipal bond has 15 years left to maturity and has a price quote of 97.75. What is the bond's taxable equivalent yield for an investor in the 35 percent marginal tax bracket? (Assume interest payments are paid semi-annually and a par value of $5,000.)

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