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9) Debt issued by United Airlines currently yields 24%. A municipal bond of equal risk currently yields 16%. At what marginal tax rate would an

9) Debt issued by United Airlines currently yields 24%. A municipal bond of equal risk currently yields 16%. At what marginal tax rate would an investor be indifferent between these two bonds?

A) 45%

B) 33.3%

C) 22.5%

D) 15.5%

E) None of the above

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