AFP
CTP · Question #405
(Topic 5) Assuming a marginal tax rate of 36%, the taxable equivalent yield for an investment with a tax-exempt yield of 3% would bE.
The correct answer is C. 4.69%. See the full explanation below for the reasoning.
Question
- (Topic 5)
Assuming a marginal tax rate of 36%, the taxable equivalent yield for an investment with a tax-exempt yield of 3% would bE.
Options
- A1.92%.
- B4.08%.
- C4.69%.
- D8.33%.
How the community answered
(21 responses)- A10% (2)
- B10% (2)
- C76% (16)
- D5% (1)
Community Discussion
No community discussion yet for this question.