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A taxable bond with a coupon rate of 7.00% has a market price of 98.13% of par. The bond matures in 15.00 years ans pays
A taxable bond with a coupon rate of 7.00% has a market price of 98.13% of par. The bond matures in 15.00 years ans pays semi-annually. Assume an investor has a 25.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____% Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
A taxable bond with a coupon rate of 7.00% has a market price of 98.13% of par. The bond matures in 15.00 years ans pays semi-annually. Assume an investor has a 25.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____%
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Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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Fundamentals Of Management
Authors: Ricky Griffin
10th Edition
9780357517345
