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A 15-year municipal bond provides a yield of 4.0%. The yield of a corporate bond is 5.6%. The marginal tax bracket of an investor is

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A 15-year municipal bond provides a yield of 4.0%. The yield of a corporate bond is 5.6%. The marginal tax bracket of an investor is 30%. What is the cut-off tax rate? A. 32.4% B. 71.4% C. 67.6% D. 28.6%

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