The yield on a 10 year Rutgers municipal bond is .97%. What is the equivalent taxable...
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The yield on a 10 year Rutgers municipal bond is .97%. What is the equivalent taxable yield given a 28% marginal tax rate? Enter your answer in decimal format (.0123), not percentage format (1.23%). Round to 4 decimal places. The yield on a 10 year Rutgers municipal bond is .97%. What is the equivalent taxable yield given a 28% marginal tax rate? Enter your answer in decimal format (.0123), not percentage format (1.23%). Round to 4 decimal places.
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To calculate the equivalent taxable yield we can use the formula Taxable Yield Munici... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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