Question
A taxable bond with a coupon rate of 6.00% has a market price of 98.92% of par. The bond matures in 13.00 years ans pays
A taxable bond with a coupon rate of 6.00% has a market price of 98.92% of par. The bond matures in 13.00 years ans pays semi-annually. Assume an investor has a 19.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____% round to 2 decimals
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Corporate Finance Governance And Business Cycles Theory And International Comparisons
Authors: Robert E. Krainer
1st Edition
0444510494, 9780444510495
