You can buy a municipal bond to yield 10%. If you have a marginal tax rate of 28%, the bond's pre-tax yield equivalent is 13.89%

Indicate whether the statement is true or false.

TRUE

Business

You might also like to view...

From its inception through the year of 2016, Quicksales, Inc was profitable and made strong dividend payments each year

In the year 2017, Quicksales had major losses and paid no dividends. In 2018, the company started making large profits again, and they were able to pay dividends to all shareholders-both common and preferred. There are 2,000 shares of cumulative, 10% preferred stock outstanding. The preferred stock has a par value of $100. What is the total amount of dividends that should be paid to the preferred stockholders in December, 2018? A) $60,000 B) $90 C) $20,000 D) $40,000

Business

Which of the following is an essential element of persuasive messages?

A) Trust B) Marketing C) Sales D) Value E) Action

Business