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Equivalent taxable yield
Глоссарий экономических терминов |
The yield that must be offered on a taxable bond issue to give the same after-tax yield as a tax-exempt issue.
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Expectations hypothesis theories, английский
Theories of the term structure of interest rates, which include the pure expectations theory; the liquidity theory of the term structure, and the preferred habitat theory. these theories hold that each forward rate equals the expected future interest rate for the relevant period. these three theories differ, however, on whether other factors also affect forward rates, and how.
Mob spread, английский
The yield spread between a tax-free municipal bond and a treasury bond with the same maturity.
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