INTERMEDIATE FINANCIAL MANAGEMENT
INTERMEDIATE FINANCIAL MANAGEMENT
14th Edition
ISBN: 9780357516669
Author: Brigham
Publisher: CENGAGE L
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Chapter 6, Problem 1P
Summary Introduction

Adequate information:

Corporate bond yield is 7.68% .

The federal-plus-state-tax bracket of the investor is 25% .

To compute: The bond’s after-tax yield to the investor

Introduction: One of the ways that businesses raise money is through the issuance of bonds. The yield on bonds refers to the amount of return that a bond's investor receives. There are many different forms of bond yields and the yield fluctuates along with the price.

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