Question
Billy Bob is considering a municipal bond as an investment. It currently pays a 5.81 percent annual rate of return. Calculate the tax equivalent rate
Billy Bob is considering a municipal bond as an investment. It currently pays a 5.81 percent annual rate of return. Calculate the tax equivalent rate of return if BB's marginal tax rate is 33%. (Answer in % format, x.xx, with no % sign needed.)
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
