Question
A 5%, 15 year annual coupon bond issued by the State of Ohio is priced to yield 8%. If you are in the 28% tax
| A 5%, 15 year annual coupon bond issued by the State of Ohio is priced to yield 8%. If you are in the 28% tax bracket this bond would provide you with an equivalent taxable yield of __________ |
| ||
|
| A) | 5.76% | |
|
| B) | 9.20% | |
|
| C) | 10.40% | |
|
| D) | 11.11% | |
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Personal Finance An Integrated Approach
Authors: Bernard J. Winger
4th Edition
0198520972, 9780132696302
