A 3%, 20-year annual coupon bond issued by the Fairfax County is priced to yield...
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Finance
A 3%, 20-year annual coupon bond issued by the Fairfax County is priced to yield 5%. If you are in the 28% tax bracket, this bond would provide you with an equivalent taxable yield of _____.
A. 6.94%
B. 4.17%
C. 3.16%
D. 5.61%
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