I did it on excel I’m going to show you what I have. If you can’t see it properly zoom in.
Answer: 35.29%
Explanation:
Municipal Bonds are attractive in that they give the tax benefit of being tax exempt whereas a corporate bond is liable for taxation. The tax rate that will therefore make an investor indifferent between the two bonds is the one that will equate the Corporate bond's yield net of tax to the yield on the Municipal bond.
5.5% = 8.5% * ( 1 - x)
5.5% = 8.5% - 0.085x
0.085x = 8.5% - 5.5%
0.085x = 3%
x = 35.29%
<span>Workers or departments that perform similar tasks may be grouped together in a Process layout.</span>
The answer is bear market. This is a market situation in
which the values of securities are dropping, and extensive doubt causes the
negative sentimentality to be self-sustaining. As savers get ahead losses in
a bear market and vending continues, pessimism only
grows.