A client in the 33 percent marginal tax bracket is


A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 5.80 percent yield to maturity and a similar-risk corporate bond that offers a 7.10 percent yield.

Determine the equivalent taxable yield.  

Equivalent taxable yield   %

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Financial Management: A client in the 33 percent marginal tax bracket is
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