Question
A tax-exempt municipal bond with a coupon rate of 7.00% has a market price of 99.30% of par. The bond matures in 12.00 years and
A tax-exempt municipal bond with a coupon rate of 7.00% has a market price of 99.30% of par. The bond matures in 12.00 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 _____%
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Multivariate Methods And Forecasting With IBM SPSS Statistics
Authors: Abdulkader Aljandali
1st Edition
3319564803,3319564811
