Homework Answers
Given Marginal tax rate is 25.1%
Portion left after taxes would be 1 - 25.1% which is 1- 0.251 = 0.749=74.9%
After tax yield = Bond interest rate 
portion left after taxes
After tax yield = 8.35%0.749
= 0.0625
After tax yield = 6.25%
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