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A bondholder in the 3 0 percent tax bracket owns a $ 1 0 0 0 par Treasury bond with ary 8 percent coupon rate.

A bondholder in the 30 percent tax bracket owns a $1000 par Treasury bond with ary 8 percent coupon rate. What is the after-tax return on the bond?
8 percent
2.4 percent
5.6 percent
5 percent
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