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A 9 . 1 % coupon bond issued by the state of Indiana sells for $ 1 , 0 0 0 . What coupon rate

A 9.1% coupon bond issued by the state of Indiana sells for $1,000. What coupon rate on a corporate bond selling at its $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in the 15% marginal tax bracket?
10.7%
8.1%
9.5%
11.6%

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