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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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