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Bronx School District plans to raise $100 million by issuing 10-year tax-exempt bonds offering investors a 4.00% yield. What is the equivalent taxable yield for
- Bronx School District plans to raise $100 million by issuing 10-year tax-exempt bonds offering investors a 4.00% yield.
- What is the equivalent taxable yield for an investor facing a 52% marginal income tax rate?
- If a comparable taxable bond would yield 7.50%, what marginal income tax rate would make an investor indifferent between the taxable bond and the tax-exempt bond?
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An Introduction To Wavelet Theory In Finance
Authors: Francis In, Sangbae Kim
1st Edition
9814397830, 978-9814397834
