Question: Need the right answer dont use AI What is the after-tax yield of the municipal bond? Assume a tax rate of 30%. Information from prior:

Need the right answer dont use AI

What is the after-tax yield of the municipal bond? Assume a tax rate of 30%. Information from prior: Consider the decision to purchase either a five-year corporate bond or a five-year municipal bond. The corporate bond is an 8.5% annual coupon bond with a par value of $1,000 and a yield to maturity of 9.0%. The municipal bond has an annual coupon of 6.5%, a par value of $1,000, and a yield to maturity of 6.75%

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