Series 7  General Securities Representative Exam
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What is the tax equivalent yield of an 6% GO bond for an investor in the 35% tax bracket?
4.44%
A
9.23%
B
6.00%
C
7.62%
D
Explanations
TEY formula muni yield (6%) / 100%  tax bracket (35%) = 6/65 = 9.23%
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