Royal Alliance Associates, Inc. - Taxable Equivalent Yield : Calculator: Taxable Equivalent Yield

Municipal bonds are sold by cities, counties, states and other political bodies (public hospital, school district).

The federal government and its agencies do not sell municipal bonds. However, most municipals are free of federal taxes. Because of this, the stated interest rate on municipals is typically lower than comparable non tax-exempt bonds.

How much would you have to receive from a taxable bond to realize an equivalent yield? You can find the answer by entering the following information:

Royal Alliance Associates, Inc.

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17263 Wild Horse Creek Rd., Suite 202

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Chesterfield, MO

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63005

Phone: 636.230.3900

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Fax: 636.449.8078

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david@dawatsonco.com

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*David A. Watson is a Registered Representative of and offers securities products & services through Royal Alliance Associates, Inc., Member FINRA/SIPC , a registered broker-dealer. In this regard, this communication is strictly intended for individuals residing in the states of CA, DE, FL, IA, IL, IN, MO, NC, NY. No offers may be made or accepted from any resident outside the specific states referenced.

David A. Watson is separately registered as an Investment Advisor Representative under Pines Wealth Management, LLC, a Registered Investment Advisor. Pines Wealth Management, LLC is not associated with Royal Alliance Associates, Inc. D. A. Watson & Company is not affiliated with Royal Alliance Associates, Inc. or registered as a broker-dealer or investment adviser.

Insurance placed through The Blue Chip Consortium, LLC. not affiliated with Royal Alliance Associates, Inc. or registered as a broker dealer or investment advisor.

IMPORTANT CONSUMER INFORMATION:

A broker-dealer "BD", investment adviser "IA", a BD agent or IA Representative may only transact business in a state if first registered in that state, or is excluded or exempt from registration in that state as a broker-dealer, investment adviser, BD agent or IA representative, as appropriate. Follow-up, individualized responses to persons in a state by such a firm or individual that involve either effecting or attempting to affect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without first complying with appropriate registration requirements, or an applicable exemption or exclusion.

For information concerning the licensing status or disciplinary history of a broker-dealer, investment adviser, BD agent or IA rep, a consumer should contact their state securities law administrator.