*The Taxable
Equivalent Yield calculator does not take into
account the alternative minimum tax (AMT) or any
intangible taxes. The results should be used as
a guideline only.
Consult your accountant, attorney or tax advisor
for specific tax information.
The
taxable equivalent yield is defined as :
Tax-Free
Yield
-------------------------------------------------------
1 - Combined Federal and State Tax Rate.
Combined
federal and state tax rate = federal tax rate
+ (state tax rate X (1 - federal tax rate))