Question: Consider a 15-year 8% coupon bond with face value $10,000. You bought the bond for $9,700. The coupon payments are subject to 35% income

Consider a 15-year 8% coupon bond with face value $10,000. You bought the bond for $9,700. The coupon payments are subject to 35% income tax. What is your after-tax yield to maturity (in %) for this bond? Round your answer to at least 2 decimal places.

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