Tax Equivalent Yield Calculator
Compare taxable vs tax-exempt bond yields
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Formula
TEY = Tax-Free Yield / (1 - Tax Rate)
The taxable yield needed to match a tax-exempt bond's return.
Examples
3.5% muni, 32% bracket
Equivalent to 5.15% taxable.
Frequently Asked Questions
About Tax Equivalent Yield
Compare taxable versus tax-exempt bond yields for your tax bracket.
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