Question
A taxable bond yield to maturity is 6.25%. The investors federal tax rate is 28% and his state tax rate is 2%. $1,000 invested will
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A taxable bond yield to maturity is 6.25%. The investors federal tax rate is 28% and his state tax rate is 2%. $1,000 invested will produce how much annual income?
How much in taxes will you pay annually? How much money will you keep after taxes and what is his after tax yield?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
