Bond after-tax yield


Problem:

An investor recently purchased a corporate bond that yields 12.4%. The investor is in the 33% combined federal and state tax bracket.

Required:

Question: What is the bond's after-tax yield?

Note: Please show how to work it out.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Bond after-tax yield
Reference No:- TGS0878201

Expected delivery within 24 Hours