Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is the income tax rate you paid from investin

What is the income tax rate you paid from investing in a one-year bond if...

70.2K

Verified Solution

Question

Accounting

image

What is the income tax rate you paid from investing in a one-year bond if you were promised a 8.50% yield and only paid at the end of the term a 6.50% yield? Hint: Apply the formula Yat = Ybt (1Tx) and solve for Tx. The answer must be rounded-up to 2 decimals and the \% sign must be written. Example: 1.20%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students