Question
1.A bond issued by the state of Illinois is priced to yield 5.00%. If you are in a 24% tax bracket this bond would provide
1.A bond issued by the state of Illinois is priced to yield 5.00%. If you are in a 24% tax bracket this bond would provide you with what equivalent taxable yield (i.e. what taxable bond yield would you be just as happy with compared to the tax-exempt 5% yield of Illinois' bond)?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
