cchang

a muni is not taxed

so if you have a 10.61 corporate bond

it will be taxed 0.34

and you would be left with 7, thus the taxable equivilant is a 10.61 corporate

dont take this the wrrong way buddy, but IF you face a lot of such issues you better put a lot of work. it is too close to the exam for you to be wondering about this...it is a very basic question

note i dont meen to freak you out, just an advice cause i dont want you to fail



Edited 1 time(s). Last edit at Tuesday, May 17, 2011 at 02:24PM by gulfcfa.