To calculate the taxable equivalent yield (TEY) on the municipal bond, you can use the formula: [

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To calculate the taxable equivalent yield (TEY) on the municipal bond, you can use the formula: \[ \text{TEY} = \frac{\text{Tax-Free Yield}}{(1 - \text{Tax Bracket})} \] In this case, the tax-free yie...

Posted Date: May 23, 2024 10:05 AM

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To calculate the taxable equivalent yield (TEY) on the municipal bond, you can use the formula: [

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