A bondholder is in the 25% tax bracket. If he invest in a 3.50% tax-free municipal...
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A bondholder is in the 25% tax bracket. If he invest in a 3.50% tax-free municipal bond, what would the rate be for his taxable equivalent bond? (Round your answer to two decimal places). A bondholder is in the 25% tax bracket. If he invest in a 3.50% tax-free municipal bond, what would the rate be for his taxable equivalent bond? (Round your answer to two decimal places).
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