Assume you are in the 32 percent tax bracket and purchase a 3.15 percent, tax-exempt municipal bond.
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Assume you are in the 32 percent tax bracket and purchase a 3.15 percent, tax-exempt municipal bond. Use the formula presented in this chapter to calculate the taxable equivalent yield for this investment.
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Related Book For 
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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