A municipal bond you are considering as an investment currently pays a yield of 6.81...
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Accounting
| A municipal bond you are considering as an investment currently pays a yield of 6.81 percent. |
| a. | Calculate the tax equivalent yield if your marginal tax rate is 28 percent. (Round your answer to 3 decimal places. (e.g., 32.161)) |
| Tax equivalent yield | % |
| b. | Calculate the tax equivalent yield if your marginal tax rate is 21 percent. (Round your answer to 3 decimal places. (e.g., 32.161)) |
| Tax equivalent yield | % |
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