What is the tax equivalent yield for a NY State Port Authority Muni Bond based on...
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What is the tax equivalent yield for a NY State Port Authority Muni Bond based on the givens: 1. NY State Resident 2. Fixes Taxes as an Individual 3. Annual compensation $125,000 4. Bond Purchase Price $98 5. Bond Face Value (Par) $100 6. Coupon $5 A $100 face value 1-YEAR zero-coupon bond trades at $97.10. What is the effective annual rate? What is the tax equivalent yield for a NY State Port Authority Muni Bond based on the givens: 1. NY State Resident 2. Fixes Taxes as an Individual 3. Annual compensation $125,000 4. Bond Purchase Price $98 5. Bond Face Value (Par) $100 6. Coupon $5 A $100 face value 1-YEAR zero-coupon bond trades at $97.10. What is the effective annual rate?
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Answer rating: 100% (QA)
The taxequivalent yield of a New York State Port Authority Municipal Bond MUNI is the yield that a taxable bond would need to provide in order to gene... 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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