Question: 3) What is the tax exempt equivalent yield on a 12% bond yield given a marginal tax rate of 28%? Multiple Choice 12.00% 8.64% 16.67%

3)

What is the tax exempt equivalent yield on a 12% bond yield given a marginal tax rate of 28%?

Multiple Choice

  • 12.00%

  • 8.64%

  • 16.67%

  • 9.38%

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