Value

Your money goes a really long way around here.

Tools

Award-winning tools to help you optimize trades.

Service

We're here to help. And we'll do whatever it takes.

OPEN ACCOUNT
Barron's Best for Options Traders
service@tradeking.com select@tradeking.com
877-495-5464
M-F 8am-6pm ET
M-F 8am-6pm ET

Tax-equivalent yield

given an investor's tax rate, it is the pretax yield on a taxable debt security needed to produce the same yield from a tax-free debt security. Calculated as: tax-free security's yield Ö (1 Ð investor's tax rate). Also termed After tax yield.