Tyrell just purchased a Louisiana general obligation bond with a yield of 3%. He is in the
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Question:
Tyrell just purchased a Louisiana general obligation bond with a yield of 3%. He is in the 24% federal bracket and 4% state bracket. If Tyrell lives in Louisiana, what is the equivalent yield on a corporate bond?(Assume he is not subject to the federal 3.8% Net Investment Income Tax.)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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