Question: Chapter 7 question 8 What's the taxable equivalent yield on a municipal bond with a yield to maturity of 5.0 percent for an investor in

Chapter 7 question 8

What's the taxable equivalent yield on a municipal bond with a yield to maturity of 5.0 percent for an investor in the 33 percent marginal tax bracket? (Round your answer to 2 decimal places.)

Taxable equivalent yield

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