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Tax-Equivalent Yield

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: tax-equivalent yield =…

Taxable-Equivalent Yield

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: taxable-equivalent yield =…

Deferred Income Tax Asset

An asset, recorded on the balance sheet of an entity as a prepaid item, representing taxes that have been already...

Prepaid Income Tax

An asset, recorded on the balance sheet of an entity as a prepaid item, representing taxes that have been already...

After-Tax Yield

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: after-tax yield =…

Current Tax

The amount of income taxes payable/ recoverable that correspond to the taxable profit/ loss for a given financial period. For...