Question: Problem 3 - 1 3 ( LO 3 . 4 ) What is the tax equivalent yield of a tax - exempt investment earning 8

Problem 3-13(LO3.4)
What is the tax equivalent yield of a tax-exempt investment earning 8.30 percent? (Assume a 30 percent tax rate.)
Note: Enter your answer as a percent rounded to 2 decimal places.
Tax equivalent yield
Problem 3-13(LO3.4) What is the tax equivalent yield of a tax-exempt

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