Question: 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

What is the tax equivalent yield for a NY State Port

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 $235,000 4. Bond Purchase Price $108 5. Bond Face Value (Par) $100 6. Coupon $4

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