Question
A municipal bond has a YTM of 5.25 percent while the YTM of a comparable taxable bond is 7.81 percent. What is the tax rate
A municipal bond has a YTM of 5.25 percent while the YTM of a comparable taxable bond is 7.81 percent. What is the tax rate that will make an investor indifferent between the municipal bond and the taxable bond?
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
