Options
-
10%
Correct answer
- B
9.6%
- C
6.4%
- D
12%
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XVII NISM Series XVII
Medium
#NISM XVII for Retirement Adviser
What is the effective pre-tax return on a tax-free bond paying 8% interest for an individual in the 20% tax bracket?
Practice question from NISM Series XVII- Retirement Adviser Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.