Question: Please work them out so i can understand the problem, thank you. value: 2.50 points Problem 11-5 (LO11.4) Assume you are in the 33 percent

Please work them out so i can understand the problem, thank you.

value: 2.50 points Problem 11-5 (LO11.4) Assume you are in the 33 percent tax bracket and purchase a 4.75 percent municipal bond. Calculate the taxable equivalent yield for this investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Taxable equivalent yield

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