(22) Personal After-Tax Yield Corporate bonds issued by Johnson Corporation currently yield 8%. Municipal bonds of equal...
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(2–2)
Personal After-Tax Yield Corporate bonds issued by Johnson Corporation currently yield 8%. Municipal bonds of equal risk currently yield 6%. At what tax rate would an investor be indifferent between these two bonds?
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Related Book For 
Financial Management Theory And Practice
ISBN: 9781439078105
13th Edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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