What is the taxable equivalent bond yield

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Question - Paula is in the 40% tax bracket and she holds a municipal bond that pays a tax-exempt interest rate of 4%. What is the taxable equivalent bond yield?

Reference no: EM132779413

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What is the taxable equivalent bond yield : Paula is in the 40% tax bracket and she holds a municipal bond that pays a tax-exempt interest rate of 4%. What is the taxable equivalent bond yield
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