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A 10-year corporate bond has an annual coupon of 9 percent ($45 paid semi-annually) and a price of $1,025.00, 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 $1,025.00, 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. O 29.20% 28.58% 27.95% 30.41% 29.81%

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