Assume an investor's tax rate is 37 percent. The before-tax yield on a security is 15 percent. What is the after-tax yield? 5.50 percent 9.40
Assume an investor's tax rate is 37 percent. The before-tax yield on a security is 15 percent. What is the after-tax yield? 5.50 percent
9.40 percent
15.00 percent
22.00 percent
none of the above
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Authors: Frank J. Fabozzi, Moorad Choudhry
1st Edition
0471430390, 978-0471430391
