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Posted: **Tue Nov 23, 2021 8:40 am**

: Suppose You Invest In A Taxable Corporate Bond That Is Yielding 12 Annual Interest Rate If Your Marginal Tax Is 27 W 1 (9.37 KiB) Viewed 69 times

Suppose you invest in a taxable corporate bond that is yielding 12% annual interest rate. If your marginal tax is 27%, what is the after-tax or equivalent tax-exempt yield on the taxable bond? (Round your answer to 2 decimal places)