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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