Exam (elaborations)
UBS Exam 2022 Questions and Answers
- Course
- Institution
Tax Equivalent Yield - ANSWER The return that a taxable bond would need to yield in order to equal the yield on a tax free bond Tax Equivalent yield = Municipal bond yield / (1-tax rate) General Obligation Bonds - ANSWER a municipal bond that is backed by the issuer's full faith and credit or f...
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