Multiple Choice
Suzette owns a corporate bond with a yield to maturity of 7.45 percent.She is in the 12 percent tax bracket.What is her equivalent rate of return on a municipal bond? Ignore state taxes.
A) 6.17 percent
B) 5.89 percent
C) 6.56 percent
D) 8.26 percent
E) 8.47 percent
Correct Answer:
Verified
Correct Answer:
Verified
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