Question: Fill out the table below. ( 8 0 points ) The first three columns are inputs. P and C R are, respectively, the price and
Fill out the table below. points
The first three columns are inputs. and are, respectively, the price and coupon rate of an annual year
coupon bond. TR is the marginal tax rate. The face value is $
The last four columns are outputs. yp is the pretax yield. ya is the aftertax yield implied by the potentiallyflawed
formula. ya is the aftertax yield assuming capital gains are only taxed at maturity and coupon payments are taxed
normally. ya is the aftertax yield assuming capital gains are only taxed at maturity and coupon payments are tax
exempt. The goal for this exercise is to
see hothew these yields change as the inputs change. Please show equations used to complete each row. Excel preferred. Thanks
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