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11 Assume that short-term, tax-exempt municipal bonds currently offer yields of 1.0%, while comparable taxable bonds yield 1.5%. at what taxrate will an investor be
11
Assume that short-term, tax-exempt municipal bonds currently offer yields of 1.0%, while comparable taxable bonds yield 1.5%. at what taxrate will an investor be indifferent between these taxable and tax exempt yields?
a. 0.50%
O b.33.33%
O c. 66.67%
O d.-50.00%
e. 150.00%
f. 100.00%
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
