A corporate bond pays 3.60 percent interest. If you are in the 24 percent marginal tax bracket, what is your after-tax yield on this bond?
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- You can invest in taxable bonds that are paying a yield of 9.7 percent or a municipal bond paying a yield of 7.95 percent. Assume your marginal tax rate is 21 percent. a. Calculate the after-tax rate of return on the taxable bond? (Round your answer to 2 decimal places. (e.g., 32.16))b. Which security bond should you buy?You can invest in taxable bonds that are paying a yield of 9.4 percent or a municipal bond paying a yield of 7.65 percent. Assume your marginal tax rate is 21 percent. a. Calculate the after-tax rate of return on the taxable bond? (Round your answer to 2 decimal places. (e.g., 32.16)) b. Which security bond should you buy? a b. Rate of return The security bond one should buy is %A municipal bond you are considering as an investment currently pays a yield of 6.76 percent. a. Calculate the tax equivalent yield if your marginal tax rate is 28 percent.b. Calculate the tax equivalent yield if your marginal tax rate is 21 percent.
- A 10-year corporate bond has an annual coupon of 9 percent ($45 paid semi-annually) and a price of $1,033.24, while a 10-year municipal bond has an annual coupon of 5 percent ($25 paid semi-annually) and a price of $925.61. Given this information, determine what your tax rate must be so that both of these bonds have the same after-tax yield. O 30.23% O 29.41% O 27.71% O 26.83% O 28.57%Please solveA 10-year corporate bond has an annual coupon of 9 percent ($45 paid semi-annually) and a price of $1,026.47, while a 10-year municipal bond has an annual coupon of 5 percent ($25 paid semi- annually) and a price of $925.61. Given this information, determine what your tax rate must be so that both of these bonds have the same after-tax yield. 28.57% O 27.71% 29.41% 26.83% O 30.23%
- Short-term municipal bonds currently offer yields of 4%, while comparable taxable bonds pay 5%. Which gives you the higher after-tax yield if your tax bracket is:a. Zerob. 10%c. 20%d. 30%If a 5 year annual bond with a 6% coupon rate, currently priced at $988 and par value is $1000, what is the cost of debt before tax? For the question above, if the tax rate is 30%, how much is the after tax cost of debt?A municipal bond carries a coupon rate of 4.25% and is trading at par. What would be the equivalent taxable yield of this bond to a taxpayer in a 35% combined tax bracket? (Round your answer to 2 decimal places.)
- The current yield on a municipal bons is 6%. What would the equivalent taxable yield of this bond to a taxpayer in a 35% tax bracket? Enter your answer as a decimal not percentage and round your answer to 4 decimal placesIf a 5 yr. AA- General Dynamics note is yielding a 35% tax bracket investor 7.56125% while a comparable maturity note from Philadelphia, Pennsylvania is yielding 4.8735%. If the inflation rate is 2.2765%, which bond would the investor prefer and why? If the marginal tax rate for the investor increases to 38.95%, which bond would the investor prefer? What is the critical tax rate?For tax purposes, the implicit annual interest for any one year on a zero coupon bond is equal to Multiple Choice zero. the current yield. the face value minus the current market value. the face value multiplied by the current market rate of interest. the annual change in the bond's value as determined by amortizing the loan.