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AFP CTP Question # 146 Topic 15 Discussion

CTP Exam Topic 15 Question 146 Discussion:
Question #: 146
Topic #: 15

Assuming a marginal tax rate of 36%, the taxable equivalent yield for an investment with a tax-exempt yield of 3% would bE.


A.

1.92%.


B.

4.08%.


C.

4.69%.


D.

8.33%.


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