pernellmar8919 pernellmar8919
  • 15-11-2022
  • Business
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your client's federal marginal income tax rate is 35%, and his state marginal income tax rate is 5%. he is considering investing in a municipal bond issued by his local municipality that will yield him 6%. calculate the taxable equivalent yield of this bond. a) 10.00% b) 3.60% c) 9.23% d) 8.40%

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