Borough Brokerage		BOROUGH BROKERAGE LLC 1999 Chambers Street New York, NY 10007 (212) 555-9191			Managed Account Statement Statement Period: 10/01/2017–10/31/2017
Opening Date	Quantity	Account Number	Activity Ending	Opening Balance	Going Balance	Accrued Income	Income This Year	30-Day Yield	Current Yield
Cash, Money Funds, and Bank Deposits		Q39% of Portfolio
Money Market
FEDERATED USTREASURY INSTL9H
10/1/2017		000000000315	10/16/2017	2,500.00	2,50100	0.00	10.00	0.48%	0.48%
Total Money Market				2,50Q00	$2,501.00	$0.00	$10.00
Total Cash, Money Funds, and Bank Deposits				$2,50Q00	$2,501.00	$0.00	$10.00
Date Acquired Quantity	Quantity	Unit Cost	Adjusted Cost Basis	Market Price	Market Value	Unrealized Gain/Loss	Accrued Interest	Annual	Estimated Yield
Fixed income 99.61% of Portfolio (In Maturity Dote Seque nce)
Municipal Bonds
Westmere NY RFDG-SER B			Security Identifier: X50016RS4
3.00% 10/15/19 B/EDTD 07/10/15
1ST ORN DTE 10/15/15 QRN PMT SEMI ANNUAL Moody
Rating AA2
6/21/2015	200,000.000	103.572	207,143.82	104.5350	209,070.00	1,92618	266.67	6,000.000	2.87%
			Origina1 Cost Basis: $215,350.00
NEW YORK ST DORM AUTH REVS NON ST			Security Identifier: X67765QP2
SUPPORTED DEBT FORISSUESDTD PRIORTO
500% 07/01/20 B/EDTD 09/17/12 Moody Rating A2
9/14/2012	300,000.000	100.852	302,556	102.6840	308,052.00	5,496 00	5,000.00	15,000.000	4.87%
			Origina1 Cost Basis: $106,713.00
MERRICK NY UN FREE SCH DIST RFDG			Security Identifier: X80156GG1
4.00% 02/01/21 B/EDTD 10/12/13
1STCPN DTE 02/01/14 QRN PMTSEM ANNUAL Moody
Rating AA2
9/21/2013	100,000.000	105.9450	105,944.53	109.6340	109,634.00	3,689.47	1,000.00	4,000.000	3.65%

Question: How would the stated "estimated yield" compare to the yield to maturity for an investor who purchased the bonds on the statement date at current market prices?