A municipal bond yields 1 5 per annum and its taxable equivalent yield is reported as 2 5 What is the tax rate used in computing the taxable equivalent yield 25 30 35 40

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A municipal bond yields 1 5  per annum and its taxable equivalent yield is reported as 2 5   What is the tax rate used in computing the taxable equivalent yield  25  30  35  40

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Question

A municipal bond yields 1.5% per annum and its taxable equivalent yield is reported as 2.5%. What is the tax rate used in computing the

A municipal bond yields 1.5% per annum and its taxable equivalent yield is reported as 2.5%. What is the tax rate used in computing the taxable equivalent yield? 25% 30% 35% 40%

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