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Assume you are in the 30 percent tax bracket and purchase a 9.0 percent municipal...

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Finance

Assume you are in the 30 percent tax bracket and purchase a 9.0 percent municipal bond.

Calculate the taxable equivalent yield for this investment.

Convert your answer to a percent, then round to 2 decimal places (i.e. 1.25 2.44, 0.09, 12.44).

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