Question
A tax-exempt municipal bond with a coupon rate of 4.00% has a market price of 98.56% of par. The bond matures in 11.00 years and
A tax-exempt municipal bond with a coupon rate of 4.00% has a market price of 98.56% of par. The bond matures in 11.00 years and pays semi-annually. Assume an investor has a 16.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yield to maturity was more than _____%
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Pricing Analytics Models And Advanced Quantitative Techniques For Product Pricing
Authors: Walter R. Paczkowski
1st Edition
1138623938, 9781138623934
