Question
mm2 17 A taxable bond with a coupon rate of 5.00% has a market price of 98.58% of par. The bond matures in 11.00 years
mm2 17
A taxable bond with a coupon rate of 5.00% has a market price of 98.58% of par. The bond matures in 11.00 years ans pays semi-annually. Assume an investor has a 33.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than _____%
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The Evolution Of Finance
Authors: Barbara Guth
1st Edition
1633377261, 978-1633377264
