Question: Answer format: Currency: Round to 2 decimal places Show Hint 16 A taxable bond with a coupon rate of 9.00% has a market price of

Answer format: Currency: Round to 2 decimal places Show Hint 16 A taxable bond with a coupon rate of 9.00% has a market price of 99 44% of par The bond matures in 2000 years ans pays semi-annually. Assume an investor has a 28.00% marginal tax rate The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than % Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal forme rounded to 4 decimal places (ex: 0.0924))

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