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AFP CTP Question # 276 Topic 28 Discussion

CTP Exam Topic 28 Question 276 Discussion:
Question #: 276
Topic #: 28

Given a corporate tax rate of 34%, a tax-exempt yield of 7% is equivalent to a taxable yield of:


A.

4.6%.


B.

7.0%.


C.

10.6%.


D.

34.0%.


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