A 9 percent coupon bond issued by the state of pennsylvania, Ask an Expert

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A 9 percent coupon bond issued by the State of Pennsylvania sells for $1,000 and thus provides a 9 percent yield to maturity. What yield on a Synthetic Chemical Company bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 28 percent tax bracket?

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Category:- Basic Finance
Reference No.:- M951891

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