Question
A bond issued by the state of Alabama is priced to yield 7.50%. If you are in the 24% tax bracket, this bond would provide
A bond issued by the state of Alabama is priced to yield 7.50%. If you are in the 24% tax bracket, this bond would provide you with an equivalent taxable yield of _________.
A. 5.70%
B. 8.50%
C. 9.87
D. none of the above
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Financial Analysis And Modeling Using Excel And VBA
Authors: Chandan Sengupta
2nd Edition
047027560X, 978-0470275603
