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According to FINRA, IBM has issued a 25-year, 4 percent, semiannual bond 7 years ago. The bond currently sells for 98 percent of its par
- According to FINRA, IBM has issued a 25-year, 4 percent, semiannual bond 7 years ago. The bond currently sells for 98 percent of its par value. What is the bonds after-tax yield if the company's tax rate is 21 percent?
| a. | 3.29 percent | |
| b. | 4.61 percent | |
| c. | 2.94 percent | |
| d. | 3.96 percent | |
| e. | 2.10 percent |
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Public Finance And Public Policy
Authors: Jonathan Gruber
2nd Edition
0716766310, 9780716766315
