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You purchase a City of Phoenix bond that is paying 3%, if you are in the 22% tax bracket, what is your tax-equivalent yield?
You purchase a City of Phoenix bond that is paying 3%, if you are in the 22% tax bracket, what is your tax-equivalent yield?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
