Find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30%, if it offers a yield of 4.10%. (Round your answers to 2 decimal places.) |
Tax Brackets | ||
a. | Zero | % |
b. | 10% | % |
c. | 20% | % |
d. | 30% | % |
equivalent taxable yield=yield/(1-tax rate)
Tax brackets | equivalent taxable yield |
Zero | 4.1/(1-0)=4.1% |
10% | 4.1/(1-0.1)=4.56%(Approx). |
20% | 4.1/(1-0.2)=5.13%(Approx). |
30% | 4.1/(1-0.3)=5.86%(Approx). |
Find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%,...
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