If the nominal interest rate offered by local bank is 14%, expectation inflation rate is 9%, and
Fantastic news! We've Found the answer you've been seeking!
Question:
If the nominal interest rate offered by local bank is 14%, expectation inflation rate is 9%, and assume the country has 55% tax rate on interest income. How much is the After-tax real interest rate? (Hint: enter your answer in 2 decimal places. Do not enter the percentage sign. For example 56.67% should be entered as 56.57)
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date: