Determine the after-tax yield (i.e., IRR on the ATCF) obtained by an individual who purchases a

$9 comma 0009,000,

1313-year,

1111%

nominal interest rate bond. The following information is given:

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Interest is paid semi-annually, and the bond was bought after the

fifthfifth

payment had just been received by the previous owner.

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The purchase price for the bond was

$7 comma 0007,000.

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All revenues (including capital gains) are taxed at an income rate of

2929%.

bullet

The bond is held to maturity.

Determine the after-tax yield .e IRR on the ATCF obtained by an individual who purchases a $9000, 13-year, 11% no inal interest rate bond. The following information is given: Interest is paid semi-annually, and the bond was bought after the fifth payment had just been received by the previous owner. The purchase price for the bond was $7,000. . All revenues (including capital gains) are taxed at an income rate of 29%. The bond is held to maturity The after-tax yield is .96. (Round to one decimal place )