What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.8 percent for an investor in the 33 percent marginal tax bracket?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 58P
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What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.8 percent for an investor in the 33 percent marginal tax bracket?

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