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30. An investment is available that pays a tax-free 8%. The corporate tax rate is 35%. Ignoring risk, what is the pre-tax return on taxable

30. An investment is available that pays a tax-free 8%. The corporate tax rate is 35%. Ignoring risk, what is the pre-tax return on taxable bonds? A. 4.20% B. 5.00% C. 8.47% D. 12.3% E. None of these

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