Q 10.44. On September 28, 2007, tax-exempt AAA rated 10-year muni bonds traded at a yield of
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Q 10.44. On September 28, 2007, tax-exempt AAA rated 10-year muni bonds traded at a yield of 3.99%. Corporate 10-year AAA bonds traded at 5.70%. What was the marginal investor's tax rate?
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