A new-issue of a tax-exempt municipal bond rated aaa by


A new-issue of a tax-exempt municipal bond rated Aaa by Moody's Investor Service is priced to yield 8 percent. If you are in the 33 percent tax bracket, what yield would you need to earn on a taxable bond to be indifferent?

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Financial Management: A new-issue of a tax-exempt municipal bond rated aaa by
Reference No:- TGS02617361

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