Suppose your tax rate is 23% and you want to purchase a municipal bond of $1,750 for
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Suppose your tax rate is 23% and you want to purchase a municipal bond of $1,750 for 9% interest. At what interest rate on a for-profit bond , before tax, would you be indifferent between the two bonds?
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date: