a. $11,250

b. $591

c. $491

d. $3750

e. none

Curtis invests $250,000 in a city of Athens bond that pays 450 percent interest. Alternatively. Curtis could have invested the $250,000 in a bond recently issued by Initech, Inc. that pays 6.00 percent interest with similar risk as the city of Athens bond Assume thot Curtis's marginal tax rate is 24 percent How much implicit tax would Curtis pay on the city of Athens bond