A client in the 33 percent marginal tax bracket is comparing a municipal bond that offers a 5.40 percent yield to maturity and a similar-risk corporate bond that offers a 6.90 percent yield. Determine the equivalent taxable yield. (Round your answer to 2 decimal places.)

If a country is looking to increase economic growth quickly, it should: choose the correct answer from the following choices, and then select the submit answer button. answer choices focus on natural resources and develop physical capital. make investments from domestic savings and adopt new technology. increase spending on human capital and start a new political approach. develop new technologies funded by the public sector.