Essay
What is the effective after-tax yield to an investor from a bond paying $70 per $1,000 annually, if the investor is in a 25% marginal tax bracket? Explain.
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5.25%. The $70 is taxed at 25%...View Answer
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Correct Answer:
Verified
5.25%. The $70 is taxed at 25%...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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