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A corporate bond currently yields 8.7%. Municipal bonds with the same risk, maturity, and liquidity currently yield 5.5%. At what tax rate would investors be
A corporate bond currently yields 8.7%. Municipal bonds with the same risk, maturity, and liquidity currently yield 5.5%. At what tax rate would investors be indifferent between the two bonds?
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 9780138596873
