Answer:
Municipal bond
Explanation:
We can clearly find out which bond to select by finding their equivalent taxable yield.
DATA
Coupon rate (corporate bond) = 6.25%
Coupon rate (municipal bond) = 4.75%
Marginal income tax = 28%
Equivalent taxable yield of municipal bond = coupon / (1-tax rate)
Equivalent taxable yield of municipal bond = 4.75% / (1-0.28)
Equivalent taxable yield of municipal bond = 6.6%
Hence municipal bond must be selected having a higher equivalent taxable yield as compared to corporate bond.
I got inspecting although you did not put any choices out ??....
The third party plan that covers prescriptions for those eligible for medicare is usually an insurance plan that has extended health so that after paying a small deductible like $25 then the medicine costs will be reimbursed at the rate of say 80% of their costs.
Answer: 75 days
Explanation:
The total customer-response time (CRT), will be calculated as:
Order received by the manufacturing department = 15 days
Add: Order put into production = 20 days
Add: Processing time = 25 days
Add: Shipping Time = 15 days
Total customer response time = 75 days
