An investor buys an 8% municipal bond in the secondary market on a 10% basis. The investor does not accrete the bond discount annually. If the bond is held to maturity, after considering taxes to be paid, the investor's yield will be:
A. 8%
B. 10%
C. more than 8% but less than 10%
D. less than 8%
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Home » Business » An investor buys an 8% municipal bond in the secondary market on a 10% basis. The investor does not accrete the bond discount annually. If the bond is held to maturity, after considering taxes to be paid, the investor's yield will be: A. 8% B. 10% C.