Billy Bob is considering a municipal bond as an investment. It currently pays a 3.25 percent annual
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Billy Bob is considering a municipal bond as an investment. It currently pays a 3.25 percent annual rate of return. Calculate the tax equivalent rate of return if BB's marginal tax rate is 33%. (Answer in % format, x.xx, with no % sign needed.)
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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