Question
A bond issued by the state of Alabama is priced to yield 6.50%. If you are in the 28% tax bracket, this bond would provide
| A bond issued by the state of Alabama is priced to yield 6.50%. If you are in the 28% tax bracket, this bond would provide you with an equivalent taxable yield of _________. |
| 4.68% | |
| 7.50% | |
| 9.03% | |
| none of these options |
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Handbook Of The Economics Of Finance
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
044459406X, 978-0444594068
