Municipal Bond Tax Equivalent Yield?

1 Answer

Answer :

Municipal Bond Tax Equivalent YieldThis calculator will estimate the tax-equivalent yield (TEY) fora municipal bond. Income generated from municipal bond couponpayments are not subject to federal income tax. In addition, if thebond was issued in your state of residence, you can also avoidstate income taxes. Use this calculator to determine the yieldrequired by a fully taxable bond to earn the same after tax incomeas a municipal bond.

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