b. What yield would a taxable bond have to offer if municipal bonds offered a 5% yield
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b. What yield would a taxable bond have to offer if municipal bonds offered a 5%
yield (ignoring the short-run period mentioned in the text)? Assume that you belong to a 30% income-tax bracket. Show your calculations.
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Related Book For
Understanding Investments Theories And Strategies
ISBN: 9780415891639
1st Edition
Authors: Nikiforos T. Laopodis
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