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3. How does the after-tax yield on a municipal bond with a coupon rate of 8% paying...

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3. How does the after-tax yield on a municipal bond with a coupon rate of 8% paying interest annually compare with that of a corporate bond with a coupon rate of 10% paying interest annually? Assume that you are in the 25% tax bracket.

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Financial Markets And Institutions

Financial Markets And Institutions

ISBN: 9780134519265

9th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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