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A municipal bond has a YTM of 4.71 percent while the YTM of a comparable taxable bond is 7.54 percent. What is the tax rate

A municipal bond has a YTM of 4.71 percent while the YTM of a comparable taxable bond is 7.54 percent. What is the tax rate that will make an investor indifferent between the municipal bond and the taxable bond? Multiple Choice 50.69% 48.81% 41.29% 37.53% 60.08%

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