What Would the Equivalent Taxable Yield Be on an Investment

question 39

Multiple Choice

What would the equivalent taxable yield be on an investment that offers a 6% tax exempt yield? Assume a marginal tax rate of 28%.

• A) 0.125%
• B) 7.20%
• C) 6.48%
• D) 8.33%
• E) 32.14%

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