Question
What's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.6 percent for an investor in the 33 percent marginal
What's the taxable equivalent yield on a municipal bond with a yield to maturity of 4.6 percent for an investor in the 33 percent marginal tax bracket?(Round your answer to 2 decimal places.)
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
