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3. Angela Brown currently holds tax-exempt bonds of Columbia Healthcare that pay 5percent interest. She is in the 30 percent tax bracket. Her broker wants

3. Angela Brown currently holds tax-exempt bonds of Columbia Healthcare that pay 5percent interest. She is in the 30 percent tax bracket. Her broker wants her to buy some Google Plus taxable bonds that will be issued next week.

Question: With all else the same, what rate must be set on the Google plus bond to make Angela interested in making a switch?

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