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A 10-year corporate bond has an annual coupon of 9 percent ($45 paid semi-annually) and a price of $1,033.24, while a 10-year municipal bond has

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A 10-year corporate bond has an annual coupon of 9 percent ($45 paid semi-annually) and a price of $1,033.24, while a 10-year municipal bond has an annual coupon of 5 percent ($25 paid semi-annually) and a price of $925.61. Given this information, determine what your tax rate must be so that both of these bonds have the same after-tax yield. 30.23% 26.83% 29.41% 27.71% 0 28.57%

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