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cjr4808 cjr4808
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2 years ago
What is the taxable equivalent yield of a 3.5% municipal bond if the investor is in the 37% federal and 6% state tax brackets?  The investor lives in the state that issued the bond.

▸ 5.91%

▸ 6.14%

▸ 8.14%

▸ 3.72%
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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janel989janel989
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Helped a lot
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