A bank is considering an investment in a municipal security, Finance Basics

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A bank is considering an investment in a municipal security

Question: A bank is considering an investment in a municipal security that offers a yield of 5 percent. What is this security's equivalent pre-tax yield if the bank's tax rate is 25 percent? (Round your answer to 2 decimal places. (e.g., 32.16)) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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