CHAPTER 17 PROBLEM 3

FINANCE  Investment Analysis and Portfolio Management CHAPTER 17 PROBLEM 3
An 8.4 percent coupon bond issued by the state of Indiana sells for $1.000. What coupon   rate   on   a   corporate   bond selling   at   its   $1,000   par   value would produce   the   same   after-tax   return to the investor as the municipal bond if the investor is in     
    a. the 15 percent marginal tax bracket?     
    b. the 25 percent marginal tax bracket?   
      c. the 35 percent marginal tax bracket?   ETY=i/(1-t)

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