patrickfryer8523 patrickfryer8523

14-01-2023
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An investor in the 28% tax bracket buys a 6% municipal bond quoted on an 8.00 basis. To calculate the equivalent taxable yield:
A. multiply 6% by 72%
B. divide 6% by 72%
C. multiply 8% by 72%
D. divide 8% by 72%

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