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5. Suppose there is a 10-year corporate bond with 6 % coupon rate and a 10-year tax exempt municipal bond with 5% coupon rate, both
5. Suppose there is a 10-year corporate bond with 6 % coupon rate and a 10-year tax exempt municipal bond with 5% coupon rate, both selling at par. Both have a face value of $1000 and similar credit rating. What must be investors' tax rate for them to sell at par
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