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A client in the 30 percent marginal tax bracket

/in /by

A client in the 30 percent marginal tax bracket is comparing a municipal
bond that offers a 4.90 percent yield to maturity and a similar-risk corporate bond that offers a 6.65 percent yield.

Determine the equivalent taxable yield. (Round your answer to 2 decimal places.)

Equivalent taxable yield _____________%

Which bond will give the client more profit after taxes?
A. Corporate bond
or
B. Municipal bond

 
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