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A corporate bond currently yields 8.70%. Municipal bonds with the same risk, maturity, and liquidity currently yield 5-50%. At what tax rate would investors be

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A corporate bond currently yields 8.70%. Municipal bonds with the same risk, maturity, and liquidity currently yield 5-50%. At what tax rate would investors be indifferent between the two bonds? (Round your final answer to two decimal places.) a. 41.56% b. 30.90% c. 33.10% d. 41.93% e. 36.78%

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