问题
单项选择题
A U. S. investor has purchased a tax-exempt 5-year municipal bond at a yield of 3.86 percent which is 100 basis points less than the yield on a 5-year option-free U. S. Treasury. If the investor’s marginal tax rate is 32 percent, then the yield ratio is closest to:()
A. 0.79.
B. 1.26.
C. 3.68.
答案
参考答案：A
解析：
[考点] 传统的债券收益率度量方法