Define the taxable equivalent yield on a municipal bond

Reference no: EM132075970

Question: What's the taxable equivalent yield on a municipal bond with a yield to maturity of 8.50 percent for an investor in the 28 percent marginal tax bracket? (Round your answer to 2 decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132075970

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