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Please show work in EXCEL. Thank you An investor buys a bond with a face value of $100,000 for a purchase price of $95,000 The
Please show work in EXCEL. Thank you
An investor buys a bond with a face value of $100,000 for a purchase price of $95,000 The coupon rate on the bond is 4%, paid semi-annually, and the bond matures in 12 years The investor's tax rate is 25.00%. Compute the taxable equivalent yield on this bond for this taxpayer Compute the taxable equivalent yield on this bond for this taxpayer 3.03% 3.41% 5.16% O 6.06%Step by Step Solution
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