Question: A Moving to another question will save this response. >> Question 14. 2 points Save Answer Suppose you invest in a municipal bond that pays

A Moving to another question will save this response. >> Question

A Moving to another question will save this response. >> Question 14. 2 points Save Answer Suppose you invest in a municipal bond that pays a yield of 12%. If your marginal tax is 28%, what is the equivalent yield on the taxable bond? (write your answer in percentage and round it to 2 decimal places)

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