MuniSignalTM  Patent pending
Current Holding   Market Assumptions
   
Issue Date   Date
Maturity Date   Bid Price
Coupon (%)   Bid-YTC
1.573
First Call Date   Bid-YTM
1.573
Purchase Date   Bid-Ask Spread
Purchase Price   Interest Rate Volatility
 
After-Tax Analysis   Recommendation
Current Basis (1)
113.497
  Net Cashflow Benefit From Sale (a)
-0.967
Sale Price (2)
117.080
  Dynamic Tax Option (b)
0.022
Gain/Loss (3) = (2) - (1)
3.583
  Option Acquired with Reinvestment (c)
0.306
Tax Benefit (4)
-0.717
  MuniSignalTM Score*
-8806.831
After-Tax Proceeds (5) = (2) + (4)
116.363
  100% best. Not recommended below 90%
Hold Value (6)
117.330
 
*(a)/(b - c)
Net Cashflow Benefit (7) = (5) - (6)
-0.967
   
All Values in % par
Issue price assumed at or above par
Tax Rates: Income - 40%, Short-term gain - 40%, Long-term gain - 20%
Assumes offsetting gains exist
The Tax Option in Municipal Bonds
Optimal Tax Management of Municipal Bonds
Bond Analysis in Tax Denial
How to Take a Tax Loss and Then Profit from Obamacare
Kalotay Talk on Tax Management at 2015 Brandeis Muni Conference
See Other Live Demos

v1.16  Copyright © 2014 Andrew Kalotay Associates, Inc.