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A tax-exempt municipal bond with a coupon rate of 6.00% has a market price of 99.34%...

A tax-exempt municipal bond with a coupon rate of 6.00% has a market price of 99.34% of par. The bond matures in 20.00 years and pays semi-annually. Assume an investor has a 26.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yield to maturity was more than _____% (round to 2 decimals)

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