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One of your California clients (32% Federal and 9% State tax bracket) has asked you to evaluate an AA rated 20 year San Francisco municipal
- One of your California clients (32% Federal and 9% State tax bracket) has asked you to evaluate an AA rated 20 year San Francisco municipal bond for them with a yield to maturity of 5%. Before you show them an equivalent corporate bond (AA grade as well) what should the tax equivalent yield be for them to consider your tax free bond?
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To determine the taxequivalent yield for the client to consider the AArated 20year San Francisco mun...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
