Assume you are in the 28 percent tax bracket and purchase a 3.50 percent municipal bond. Use
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Assume you are in the 28 percent tax bracket and purchase a 3.50 percent municipal bond. Use the formula presented in this chapter to calculate the taxable equivalent yield for this investment.
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The taxequivalent yield is 486 percent ...View the full answer
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Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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