Pearson eText for Engineering Economy -- Instant Access (Pearson+)
17th Edition
ISBN: 9780137533138
Author: William Sullivan, Elin Wicks
Publisher: PEARSON+
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Chapter 7, Problem 53P
Determine the after-tax yield (i.e.,
- Interest is paid semi-annually, and the bond was bought after the fifth payment had just been received by the previous owner.
- The purchase
price for the bond was $9,000. - All revenues (including
capital gains) are taxed at an income rate of 28%. - The bond is held to maturity.
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Chapter 7 Solutions
Pearson eText for Engineering Economy -- Instant Access (Pearson+)
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