Question
A tax-exempt municipal bond with a coupon rate of 6.00% has a market price of 99.18% of par. The bond matures in 13.00 years and
A tax-exempt municipal bond with a coupon rate of 6.00% has a market price of 99.18% of par. The bond matures in 13.00 years and pays semi-annually. Assume an investor has a 35.00% marginal tax rate. The investor would prefer otherwise identical taxable bond if it's yield to maturity was more than _____% ( round to 2 decimal places)
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Binary Options Trading Techniques For Accurate Price Direction
Authors: Emegha Omoruyi Emmanuel
1st Edition
1500547271, 978-1500547271
