iI am needing help to understand the math 6. The prevailing AA credit rating...
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iI am needing help to understand the math
6. The prevailing AA credit rating yield for corporate bonds is 4.5%. What yield will the State of Arkansas, which is AA rated, have to pay to attract each of the following investors (given their tax rates)? a. John, 24% 3.42% b. Jill, 28% 3.24% c. Jack, 30% 3.15% d. Janet, 32% 3.06%
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