Q 10.20. On March 28, 2008, tax-exempt AAA-rated 5-year muni bonds traded at a yield of 3.04%.
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Q 10.20. On March 28, 2008, tax-exempt AAA-rated 5-year muni bonds traded at a yield of 3.04%. Corporate 5-year AAA bonds traded at 4.14%. What was the marginal investor's tax rate?
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