Question
A municipal bond has a YTM of 4.59 percent while the YTM of a comparable taxable bond is 7.48 percent. What is the tax rate
A municipal bond has a YTM of 4.59 percent while the YTM of a comparable taxable bond is 7.48 percent. What is the tax rate that will make an investor indifferent between the municipal bond and the taxable bond?
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
