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An investor's tax rate is 20 percent. What must the before-tax yield on a corporate bond be to have an after-tax yield of 14 percent?
An investor's tax rate is 20 percent. What must the before-tax yield on a corporate bond be to have an after-tax yield of 14 percent?
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
