Question: pls answer both question and make sure answer is in correct decimal place :) A tax-exempt municipal bond with a coupon rate of 7.00% has
A tax-exempt municipal bond with a coupon rate of 7.00% has a market price of 99.14% of par. The bond matures in 8.00 years and pays semiannually. Assume an investor has a 37.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yieid to maturity was more than % Answer format: Percentage Round to: 2 decimal places (Example: 9.24%,% sign required. Will accept decimal format rounded to 4 decimal plces (ex: 0.0924)) A taxable bond with a coupon rate of 5.00% has a market price of 98.40% of par. The bond matures in 8.00 years ans pays semi-annually. Assume an investor has a 20.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than % Answer format: Percentage Round to: 2 decimal places (Example: 9.24%,% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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