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19 Curtis invests $725.000 in a city of Athens bond that pays 925 percent interest. Alternatively, Curtis could have invested the $725,000 in a bond

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19 Curtis invests $725.000 in a city of Athens bond that pays 925 percent interest. Alternatively, Curtis could have invested the $725,000 in a bond recently issued by Initech, Incorporated that pays 1150 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent How much implicit tax would Curtis pay on the city of Athens bond? 9 Book Multiple Choice $67.06250 56.958.00

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