Equivalent taxable yield of bond

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A municipal bond carries a coupon rate of 8.00% and is trading at par. What would be the equivalent taxable yield of this bond to a taxpayer in a 35% tax bracket?

Reference no: EM13747406

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Equivalent taxable yield of bond : A municipal bond carries a coupon rate of 8.00% and is trading at par. What would be the equivalent taxable yield of this bond to a taxpayer in a 35% tax bracket?
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