24) Assume that Marsha is indifferent between investing in a city of Destin bond that pays 3.85 percent interest and a corporate bond that pays 6.35 percent interest. What is Marsha's marginal tax rate? (Do not round intermediate computations.)

Multiple Choice

• 39.37 percent

• 44.37 percent

• 27.19 percent

• 78.74 percent

• 54.37 percent