Solved: A bond issued by the state of illinois is priced to yield, Finance Basics

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A bond issued by the state of illinois is priced to yield

A bond issued by the state of Illinois is priced to yield 5.00%. If you are in a 24% tax bracket this bond would provide you with what equivalent taxable yield (i.e. what taxable bond yield would you be just as happy with compared to the tax-exempt 5% yield of Illinois' bond)?

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Finance Basics: A bond issued by the state of illinois is priced to yield

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