Question
Assume you are in the 20 percent tax bracket and purchase a 5.8 percent municipal bond. Calculate the taxable equivalent yield for this investment. Convert
Assume you are in the 20 percent tax bracket and purchase a 5.8 percent municipal bond.
Calculate the taxable equivalent yield for this investment.
Convert your answer to a percent, then round to 2 decimal places (i.e. 1.252.44, 0.09, 12.44).
Do not include the "%" sign in your response.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
