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A. You buy a $10,000 par 90 day T-bill that has a bank discount quote of 2.9%. This bill's cost would be B. A municipal
A. You buy a $10,000 par 90 day T-bill that has a bank discount quote of 2.9%. This bill's cost would be
B. A municipal bond has a promised yield to maturity of 3.62%. For an investor in a 32% tax bracket this municipal bond has the same effective yield as an equivalent corporate bond with a _____ promised yield to maturity
C.A corporation buys preferred stock at $70, holds it one year and sells it at $70 after collecting a $5 dividend. The firm's tax rate is 33%. The firm's after tax rate of return is ______.
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