Question: Problem 2 - 1 3 ( Algo ) A municipal bond carries a coupon rate of 5 . 7 5 % and is trading at

Problem 2-13(Algo)
A municipal bond carries a coupon rate of 5.75% and is trading at par.
Required:
What would be the equivalent taxable yield of this bond to a taxpayer in a 40% combined tax bracket?
Note: Round your answer to 2 decimal places.

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