A municipal bond has a coupon rate of 5.14 percent and a YTM of 5.43...
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A municipal bond has a coupon rate of 5.14 percent and a YTM of 5.43 percent. lf an investor has a marginal tax rate of 39 percent, what is the equivalent pretax yield on a taxable bond? 0 3.14% 8.90% 6.02% ?8.43% 3.31%
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