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Municipal was correct the percentage was wrong. 3.51% was wrong and 4.08% was wrong ...

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Accounting

Municipal was correct the percentage was wrong. 3.51% was wrong and 4.08% was wrong image
E Connect apter 7 Queston to Nor too 100 points A client in the 39 percent marginal tax bracket is comparing a municipal bond that offers a 4.5 percent yield to maturity and a similar-Hisk corporale bond that offers a 6.45 percent yield Determine the equivalent taxable yield (Round your answer to 2 decimal places.) Equivalent taxable yield 2.65 Which bond wil give the diont more profit aner taxes? Municipal bond Corporate bond eBook & R check my work Brevious attempt

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