单选题
An analyst gathered the following information:
Taxable security, quoted yield 9.8%
Tax-exempt security, quoted yield 5.7%
Investor"s marginal tax rate 35%
For the tax-exempt security, the investor"s tax-equivalent yield is closest to
A、
5.7%
B、
8.8%
C、
10.7%
【正确答案】
B
【答案解析】
5.7%/(1-35%)=8.8%.
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