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1 Assume that Narmen is indifferent between investing in a corporate bond that pays 8.80 percent interest and a stock with no growth sotential that
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Assume that Narmen is indifferent between investing in a corporate bond that pays 8.80 percent interest and a stock with no growth sotential that pays a 6.50 percent dividend yield. Assume that the tax rate on dividends is 15 percent. What is Narmen's marginal tax ate? Note: Do not round intermediate computations. Muitiple Choice 37.22 percent 2717 percent 1712 percent 8.56 percent Step by Step Solution
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