A municipal bond carries a coupon rate of 600 and is


A municipal bond carries a coupon rate of 6.00% and is trading at par.

What would be the equivalent taxable yield of this bond to a taxpayer in a 38% tax bracket? (Round your answer to 2 decimal places.)

Equivalent taxable yield ------------- %

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Financial Management: A municipal bond carries a coupon rate of 600 and is
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