Assume that you are in the 39.6 percent tax bracket and you purchase a 3.90 percent, tax-exempt
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Assume that you are in the 39.6 percent tax bracket and you purchase a 3.90 percent, tax-exempt municipal bond. Use the formula presented in this chapter to calculate the taxable equivalent yield for this investment.
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Personal Finance
ISBN: 978-1259720680
12th edition
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
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