Question: please shiw step by step or how to solve using financial calculator 813 wered A taxable bond with a coupon rate of 9.00% has a
813 wered A taxable bond with a coupon rate of 9.00% has a market price of 99.23% of par. The bond matures in 17.00 years ans pays semi-annually. Assume an investor has a 38.00% 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. W accept decimal format rounded to 4 decimal places (ex: 0.0924 not submitted Attempts Remaining: 4
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