The yield on a corporate bond is 10 and it is currently
The yield on a corporate bond is 10%, and it is currently selling at par. The marginal tax rate is 20%. A par value municipal bond with a coupon rate of 8.50% is available. Which security is a better buy?
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consider the following cash flows all market interest rates are 12nbspa what price would you pay for these cash flows
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the yield on a corporate bond is 10 and it is currently selling at par the marginal tax rate is 20 a par value
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