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5 September, 03:39

A bank is considering two securities: a 30-year treasury bond yielding 7 percent and a 30-year municipal bond yielding 6 percent.

a. if the bank's tax rate is 30 percent, calculate the treasury bond's after-tax yield.

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  1. 5 September, 03:57
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    40 beacuse you divde by 3
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