Money Corp. is looking to invest $115,317 in either a State of California bond or a corporate
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Money Corp. is looking to invest $115,317 in either a State of California bond or a corporate bond. If the corporate bond yields 4%, what rate would the State of California bond need to pay to yield an equivalent after-tax rate of return? answer as a whole number to two decimal places ,do not include the % sign in your answer)
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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