Determine the after - tax yield ( i . e . , IRR on the ATCF )
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Question:
Determine the aftertax yieldie IRR on the ATCF obtained by an individual who purchases a $ comma year, nominal interest rate bond. The following information is given:
bullet Interest is paid semiannually, and the bond was bought after the fifth payment had just been received by the previous owner.
bullet The purchase price for the bond was $ comma
bullet All revenuesincluding capital gains are taxed at an income rate of
bullet The bond is held to maturity.
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