A Taxable Money Market Fund Has an Annual Return of 4.62

question 5

Multiple Choice

A taxable money market fund has an annual return of 4.62 percent.What is the equivalent aftertax yield if the tax rate is 27 percent?

• A) 1.25 percent
• B) 3.37 percent
• C) 4.62 percent
• D) 5.87 percent
• E) 6.13 percent

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Definitions:

Older Adults

Individuals who are in the later stages of life, often defined as being 65 years of age or older, and experiencing the physical and cognitive changes associated with aging.

Relatives

Family members related by blood, marriage, or adoption, ranging from immediate family like parents and siblings to more distant relations.

Children

Individuals in the early stages of life from birth to adolescence, characterized by rapid physical, emotional, and intellectual development.

Coping Strategy

A coping strategy represents methods or techniques that individuals employ to handle stress and difficult situations in their lives effectively.