A bank is considering an investment in a municipal security, Ask an Expert

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A bank is considering an investment in a municipal security that offers a yield of 7 percent. What is this security’s equivalent pre-tax yield if the bank’s tax rate is 35 percent? (Round your answer to 2 decimal places. (e.g., 32.16)) Security’s equivalent pre-tax yield %

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Financial Management, Finance

Category:- Financial Management
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