AFP
CTP · Question #512
(Topic 6) Given a corporate tax rate of 34%, a tax-exempt yield of 7% is equivalent to a taxable yield of:
The correct answer is C. 10.6%. See the full explanation below for the reasoning.
Question
- (Topic 6)
Given a corporate tax rate of 34%, a tax-exempt yield of 7% is equivalent to a taxable yield of:
Options
- A4.6%.
- B7.0%.
- C10.6%.
- D34.0%.
How the community answered
(23 responses)- A4% (1)
- B13% (3)
- C83% (19)
Community Discussion
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