What is a tax-equivalent yield on municipal bonds?
Here’s how the tax-equivalent yield of a municipal bond works and how to figure it.
Mercedes Barba was a senior editor at Bankrate. Prior to this, she served as a senior editor at NextAdvisor and led the video team at Money.com, where she executive produced a short documentary that received an Emmy nomination. In her free time, she enjoys spending time with her son Luke and two pet dogs.
The key to successful investing is to take action and not let fear or over-analyzing prevent you from taking advantage of the benefits of compound interest over time.
— Mercedes Barba
Here’s how the tax-equivalent yield of a municipal bond works and how to figure it.
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