What is the muni-treasury yield ratio for this municipal


How does a conversion provision on a debt obligation provide an option to the investor? If the yield on a Treasury security is 3% and that of a similar-maturity municipal bond is 2.5%, what is the muni-Treasury yield ratio for this municipal bond? Explain the relation between a tax-exempt yield and a taxable yield for bonds with similar maturity and features.

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Finance Basics: What is the muni-treasury yield ratio for this municipal
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