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Billy Bob is considering a municipal bond as an investment.It currently pays a 4.33 percent annual rate of return.Calculate the taxable equivalent rate of return
Billy Bob is considering a municipal bond as an investment.It currently pays a 4.33 percent annual rate of return.Calculate the taxable equivalent rate of return if BB's marginal tax rate is 33%.
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
