Question
A tax-exempt municipal bond with a coupon rate of 5.00% has a market price of 99.08% of par. The bond matures in 6.00 years and
A tax-exempt municipal bond with a coupon rate of 5.00% has a market price of 99.08% of par. The bond matures in 6.00 years and pays semi-annually. Assume an investor has a 17.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yield to maturity was more than _____%
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Top Actuel Fiscalité 2022-2023
Authors: Daniel Freiss,Brigitte Monnet
1st Edition
2017182176,2017879282
