5. Debt issued by Southeastern Corporation currently yields 12%. A municipal bond of equal risk cur- rently
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5. Debt issued by Southeastern Corporation currently yields 12%. A municipal bond of equal risk cur- rently yields 8%. At what marginal tax rate would an investor be indifferent between these two bonds?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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