Taxable Equivalent Yield What's the taxable equivalent yield on a municipal bond with a yield to...

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Taxable Equivalent Yield Whats the taxable equivalent yield on a municipal bond with a yield to maturity of 5.00 percent for an investor in the 15 percent marginal tex bracket? (Round your answer to 2 decimal places.) 33.33 % 75% 0 5.88% 0 5.00%

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solution: Taxable equivalent yields tax free bond/(1-tax rate) 0.05/(1-0.15) 5.88% Sheet73 Sheet74Sheet75 Sheet76het SSheet79 SheetSheet81 Sheet7 8 1Sheets2 lENG 09:39 UK 06 08/2018

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