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GoodMad_ GoodMad_
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7 years ago
A municipal bond has a quoted yield of 5%. If an investor has a 20% marginal tax rate, the bond's pre-tax equivalent yield is
A) 6.25%.
B) 7.25%.
C) 5.50%.
D) 4.00%.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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GoodMad_ Author
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#2
7 years ago
I'll mark it solved, you deserve it
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