单选题 A municipal bond carries a coupon of 6.75 percent and is traded at par. To a taxpayer in the 28 percent tax bracket, this bond provides an equivalent taxable yield of:

A、

A. 8.53%.
B、

B. 7.88%.
C、

C. 9.38%.

【正确答案】 C

【答案解析】ETY=Yield/(1-Marginal Tax Rate)=0.0675/(1-0.28)=9.38%