Best Tax Free Municipal Bonds 2025 . Understanding TaxFree Municipal Bonds A StepbyStep Guide Rowe Price California Tax-Free Bond: PRXCX: 2.74-0.06: 1.36: 2.41: Muni California Long: Tax Equivalent Yield = Tax-Free Yield/(1 - Tax Rate)
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Tax-equivalent yield (TEY)is the yield that a taxable bond must have to equal or exceed the tax-adjusted yield of a municipal bond It absolutely has interest-rate risk, but its trio of managers are very good at selecting good issues for a.
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