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A municipal bond has a YTM of 3.99 percent while the YTM of a comparable taxable bond is 5.74 percent. What is the tax rate

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A municipal bond has a YTM of 3.99 percent while the YTM of a comparable taxable bond is 5.74 percent. What is the tax rate that will make an investor Indifferent between the municipal bond and the taxable bond? Multiple Choice 37.17% O O 33.54% 30.49% O 43.86% O O 38.70%

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