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Suppose the tax rate is 25% and the taxable bond yield is 8% What is the equivalent tax. exempt bond yield? a)2.3% b)6% c)2% d)6.9%

Suppose the tax rate is 25% and the taxable bond yield is 8% What is the equivalent tax. exempt bond yield? a)2.3% b)6% c)2% d)6.9%
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Suppose the tax rate is 25% and the taxable bond yield is 8% What is the equivalent tax. exempt bond yield? a)2.3% b)6% c)2% d)6.9%

User Buradd
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Answer: 6%

Step-by-step explanation:

User Skaffman
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