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Calculate the after tax YTM for the following bond issue (an annual percentage): Bond Issue Face Value $ 1,000 Annual Coupon Rate 3.40% Current Price
| Calculate the after tax YTM for the following bond issue (an annual percentage): | |||
| Bond Issue | |||
| Face Value | $ 1,000 | ||
| Annual Coupon Rate | 3.40% | ||
| Current Price | 103.00 | ||
| Coupon payments per year | 2 | ||
| Years remaining until maturity | 24 | ||
| Tax Rate = | 26.00% | ||
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Canadian Public Finance
Authors: Genevieve Tellier
1st Edition
1487594410, 978-1487594411
