Suppose you invest in a municipal bond that pays a yield of 15% If your marginad tax

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Suppose you invest in a municipal bond that pays a yield of 15% If your marginad tax is 24%, what is the equivalent yield on the taxable bond?

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(write your answer in percentage and sound to 2 decimal places)

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Feb 01, 2024 06:20 AM

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Suppose you invest in a municipal bond that pays a yield of 15% If your marginad tax

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The yield on a municipal bond is taxfree In contrast income from a taxab... View the full answer

Personal Finance

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