An investor with a marginal tax rate of 30 percent is interested in a tax-exempt bond with
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● An investor with a marginal tax rate of 30 percent is interested in a tax-exempt bond with a yield of 6 percent. What is the equivalent taxable yield of this bond?
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Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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