Taxable Equivalent Yield What's the Taxable Equivalent Yield on a Municipal

question 30

Multiple Choice

Taxable Equivalent Yield What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.9 percent for an investor in the 35 percent marginal tax bracket?

• A)1.09%
• B)3.90%
• C)6.00%
• D)11.14%

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