Question
What is the income tax rate you paid from investing in a one-year bond if you were promised a 11.50% yield and only paid at
What is the income tax rate you paid from investing in a one-year bond if you were promised a 11.50% yield and only paid at the end of the term a 8.00% yield?
Hint: Apply the formula Yat = Ybt (1 Tx) and solve for Tx.
The answer must be rounded-up to 2 decimals and the % sign must be written. Example: 1.20%
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Innovation And Technology
Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
