A taxable corporate issue yields 5 percent for an investor, Financial Management

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A taxable corporate issue yields 5 percent for an investor

A taxable corporate issue yields 5 percent. For an investor in a 35 percent tax bracket, what is the equivalent aftertax yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) Aftertax yield __________ %

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Financial Management: A taxable corporate issue yields 5 percent for an investor

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