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You are considering a corporate bond that yields 5.18%. You have a marginal tax rate of 42%. What yield would a municipal bond with a
You are considering a corporate bond that yields 5.18%. You have a marginal tax rate of 42%. What yield would a municipal bond with a similar level of risk have to offer for you to be indifferent between the two? (Type you answer as a percent, i.e. if your answer is 5.3%, type 5.3, not 0.053)
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