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An Investors tax rate is 39.9 percent. What must the before tax yield on a security be to have an after tax yield of 7
An Investors tax rate is 39.9 percent. What must the before tax yield on a security be to have an after tax yield of 7 percent? A firm in the 35 percent tax bracket is aware of a tax-exempt security that is paying a yield of 9 percent. To match this yield, taxable securities must offer a before tax yield of
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