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Tax-Equivalent Yield

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: tax-equivalent yield =…

Taxable-Equivalent Yield

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: taxable-equivalent yield =…

After-Tax Yield

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: after-tax yield =…