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20.In 2013, the U.S Congress approved legislation favored by the Obama administration to increase the income tax rate on high-income tax payers from 35% to
20.In 2013, the U.S Congress approved legislation favored by the Obama administration to increase the income tax rate on high-income tax payers from 35% to 39%. How would this affect the relative interest rate between municipal and treasury securities? A Increase the interest rate on municipal bonds relative to the interest rate on treasury bonds. B Lower the interest rate on municipal bonds relative to the interest rate on treasury bonds. 39%. How would this affect the relative interest rate between municipal and treasury securities? A Increase the interest rate on municipal bonds relative to the interest rate on treasury bonds. B Lower the interest rate on municipal bonds relative to the interest rate on treasury bonds. C No relative change, both increase or decrease by the same amount D Uncertain
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