Business, 20.07.2021 01:00 sanago4785

A taxable bond with a coupon rate of 4.00% has a market price of 98.36% of par. The bond matures in 20.00 years ans pays semi-annually. Assume an investor has a 26.00% marginal tax rate. The investor would prefer otherwise identical tax-exempt bond if it's yield to maturity was more than %

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A taxable bond with a coupon rate of 4.00% has a market price of 98.36% of par. The bond matures in...