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Assume you are in the 33 percent tax bracket and purchase a municipal bond with a yield of 5.00 percent. Use the formula presented
Assume you are in the 33 percent tax bracket and purchase a municipal bond with a yield of 5.00 percent. Use the formula presented in this chapter to calculate the taxable equivalent yield for this investment. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Taxable equivalent yield %
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
