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A municipal bond has a YTM of 3.87 percent while the YTM of a comparable taxable bond is 5.32 percent. What is the tax rate

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A municipal bond has a YTM of 3.87 percent while the YTM of a comparable taxable bond is 5.32 percent. What is the tax rate that will make an investor indifferent between the municipal bond and the taxable bond? Multiple Choice 29.98% O 3236% 33.72% 37.47% 27.26%

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