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Your marginal tax rate is 32.65%. What is the tax equivalent yield of an L.A. County Flood Control District Revenue Bond, rated AA-, maturing 5/1/25

Your marginal tax rate is 32.65%. What is the tax equivalent yield of an L.A. County Flood Control District Revenue Bond, rated AA-, maturing 5/1/25 with a price of 106.67 and a coupon of 3.5%.? Round your answer to the nearest basis point.

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