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Suppose an investor's marginal income tax rate is 28 percent and that a tax-free municipal bond is purchased with a yield of 7 percent. Considering
Suppose an investor's marginal income tax rate is 28 percent and that a tax-free municipal bond is purchased with a yield of 7 percent. Considering only the federal income tax effect, this yield would be equivalent to that received on a taxable bond with a yield of HTML Editores BIVA-A- IK EE311xx, EE TT: 12pt Paragraph
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Accounting Information For Business Decisions
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
2nd Edition
0170253708, 978-0170253703
