Business, 16.03.2020 20:17, KenziePaul

A tax-exempt municipal bond has a yield to maturity of 4.22%. An investor, who has a marginal tax rate of 33.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to maturity of more than %.

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A tax-exempt municipal bond has a yield to maturity of 4.22%. An investor, who has a marginal tax ra...