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81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 An investor who is in the 35% federal

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81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 An investor who is in the 35% federal tax bracket and the 5% state bracket buys a 6.5% yield corporate bond. what is his after-tax yield? (Assume that federal taxes are not deductible against state taxes and vice versa.) 4.75% 6.5% 9.9% 3.9%

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