The 7% 10-year municipal bond is currently priced to yield 12%. For a taxpayer in the 25%
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- The 7% 10-year municipal bond is currently priced to yield 12%. For a taxpayer in the 25% marginal tax bracket, this bond will offer an equivalent taxable return. Explains the calculation steps.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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