An investor purchases a 30-year municipal bond for 940 the, Financial Management

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An investor purchases a 30-year municipal bond for 940 the

An investor purchases a 30-year municipal bond for $940. The bonds coupon rate is 9 percent and, it still had eighteen years remaining until maturity. If the investor holds the bond until it matures and collects the $1000 par value and his marginal tax rate is 33 percent, what will be his after-tax (effective) yield to maturity?

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Financial Management: An investor purchases a 30-year municipal bond for 940 the

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Financial Management: An investor purchases a 30-year municipal bond for 940 the

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