After-tax rate of return to an investor


A bond issued by the State of Pennsylvania provides a 9 percent yield. What yield on a Synthetic Chemical Company bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 36 percent tax bracket?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: After-tax rate of return to an investor
Reference No:- TGS044890

Expected delivery within 24 Hours