Question: The current yield on a municipal bond is 6.5% . What would be the equivalent taxable yield of this bond to a taxpayer in a

The current yield on a municipal bond is 6.5% . What would be the equivalent taxable yield of this bond to a taxpayer in a 35% tax bracket? Enter your answer as a decimal, not percentage (e.g., 0.05 instead of 5%), and round your answer to 4 decimal places.

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