Calculate the taxable equivalent yield for investment

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1. Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $81800 per year. Parveen is a full-time stay-at-home mom.

Use the easy method to estimate the family’s life insurance needs.

2. Assume you are in the 25 percent tax bracket and purchase a 6.0 percent municipal bond.

Calculate the taxable equivalent yield for this investment.

Reference no: EM131347860

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Calculate the taxable equivalent yield for investment : Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $81800 per year. Parveen is a full-time stay-at-home mom. Use the easy method to estimate the family’s life insurance needs...
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