Question
A taxable bond has a coupon rate of 5.08 percent and a YTM of 5.39 percent. If an investor has a marginal tax rate
A taxable bond has a coupon rate of 5.08 percent and a YTM of 5.39 percent. If an investor has a marginal tax rate of 30 percent, what YTM on a municipal bond would be just as good for the investor?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
