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Preston is in the 30% tax bracket and he holds a municipal bond that pays a tax-exempt interest rate of 8%. What is the taxable
Preston is in the 30% tax bracket and he holds a municipal bond that pays a tax-exempt interest rate of 8%. What is the taxable equivalent bond yield?
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Corporate Finance
Authors: Jonathan Berk and Peter DeMarzo
3rd edition
978-0132992473, 132992477, 978-0133097894
