deaner@dicomed.UUCP (Dave Deaner) (04/15/85)
For you municipal bond freaks out there the formula to figure out if a non-taxable yield from a tax-free municipal is equivalent to a non tax- free investment is: Taxable yield = non-taxable yield/100 - tax rate example: to find out what the taxable yield on a 4.5% munie in a 40% tax bracket divide 4.5 by 60(100-40) and you get 7.5. Therefore to get the same kind of yield from a taxable investment the re- turn would have to be 7.5% Dave Deaner