Formulastey Method

Calculate the Taxable Equivalent Yield for a given tax exempt.

Definition

Namespace: com.ftlabs.fisa.util
Assembly: FISA.NET (in FISA.NET.dll) Version: 1.16.0.13 (1.16.0.13)

C#

public static double tey(
	double yield,
	double federalTaxRate,
	double stateTaxRate
)

VB

Public Shared Function tey ( 
	yield As Double,
	federalTaxRate As Double,
	stateTaxRate As Double
) As Double

yield Double: A yield for a tax exempt security as a percentage.
federalTaxRate Double: The federal tax rate of the bond holder as a percentage.
stateTaxRate Double: The state tax rate of the bond holder as a percentage. This value should only be provided if the state tax rate is applicable, which would usually be whenever the bond was issued for the state of residence of the holder. If the state tax rate is not applicable, then 0 should be provided.

Double
The Taxable Equivalent Yield for the provided tax exempt security.