A Tax Exempt Money Market Fund Has an Annual Return

question 65

Multiple Choice

A tax exempt money market fund has an annual return of 3.76 percent.What is your equivalent taxable rate if you are in a 28 percent marginal tax bracket?

• A) 3.15 percent
• B) 3.38 percent
• C) 5.22 percent
• D) 6.11 percent
• E) 6.81 percent

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Definitions:

Original Method

The initial or primary implementation of a method before it is overridden or modified by additional functionality.

General Case

A situation or condition that applies broadly, without special considerations or exceptions.

Recursive Algorithm

A method of solving a problem where the solution involves solving smaller instances of the same problem.

Base Case

A condition within a recursive function that does not call itself, thereby stopping the recursion.