What is this security equivalent pre-tax yield

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Reference no: EM131535204

A bank is considering an investment in a municipal security that offers a yield of 5 percent. What is this security’s equivalent pre-tax yield if the bank’s tax rate is 25 percent? (Round your answer to 2 decimal places. (e.g., 32.16))

Security’s equivalent pre-tax yield %

Reference no: EM131535204

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