A client in the 27 percent marginal tax bracket is, Ask an Expert

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A client in the 27 percent marginal tax bracket is comparing a municipal bond that offers a 6.5 percent yield to maturity and a similar-risk corporate bond that offers a 9.15 percent yield. Determine the equivalent taxable yield. (Round your answer to 2 decimal places.)

Equivalent taxable yield______ %

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Financial Management, Finance

Category:- Financial Management
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