If a municipal bond pays and interest rate of 4% and the investor is in a 22% tax bracket, then what is the taxable equivalent yield? Compute the total return (dollar amount) based on the following: Shareholder buys 200 shares of stock for $20 per share

Finance Dec 09, 2021

If a municipal bond pays and interest rate of 4% and the investor is in a 22% tax bracket, then what is the taxable equivalent yield?

Compute the total return (dollar amount) based on the following: Shareholder buys 200 shares of stock for $20 per share. One year later the shareholder sells all shares for $29 per share. In addition the shareholder received a total of $2 dividend per share.