Laura has an average tax rate of 22 percent and a marginal tax rate of 28 percent.What is her after-tax yield on a corporate bond which has a 6.7 percent yield?
A) 4.82 percent
B) 5.09 percent
C) 5.47 percent
D) 6.00 percent
E) 11.34 percent
Correct Answer:
Verified
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