Stock option trading – The answer is the yield that must be found in a taxable security to match the "keeping dollars.

" For example, suppose your tax bracket is 38 per cent. A taxable security with a yield of 6.77 per cent must be found to equal the 4.20 per cent tax-free yield. This simple formula may be used on any bracket or yield.What if you can afford neither the time necessary for developing your own portfolio nor the expenses involved in professional management?

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