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A municipal bond you are considering as an investment currently pays a yield of 6.81...

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Accounting

A municipal bond you are considering as an investment currently pays a yield of 6.81 percent.

a.

Calculate the tax equivalent yield if your marginal tax rate is 28 percent. (Round your answer to 3 decimal places. (e.g., 32.161))

Tax equivalent yield %

b.

Calculate the tax equivalent yield if your marginal tax rate is 21 percent. (Round your answer to 3 decimal places. (e.g., 32.161))

Tax equivalent yield %

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