kbriscoe7758 kbriscoe7758
  • 13-03-2024
  • Business
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Jia Chun is trying to calculate the taxable equivalent yield for a municipal bond. If the bond she owns pays 3 percent interest and she is in the 27 percent tax bracket, what is the taxable-equivalent yield (round to nearest percent)?

A. 8 percent
B. 9 percent
C. 6 percent

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