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A municipal bond carries a coupon of 7% and is trading at par; to a taxpayer in a 28% tax bracket, what is the taxable
A municipal bond carries a coupon of 7% and is trading at par; to a taxpayer in a 28% tax bracket, what is the taxable equivalent yield this bond would provide?
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Basic Finance An Introduction To Financial Institutions Investments And Management
Authors: Herbert B. Mayo, Michael J Lavelle
13th Edition
0357714741, 978-0357714744
