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A zero coupon corporate bond has a par value of $10,000, a current price of $600 and 8 years to maturity. If a municipal bond
A zero coupon corporate bond has a par value of $10,000, a current price of $600 and 8 years to maturity. If a municipal bond yields 3%, what is the difference in the after-tax returns of the two opportunities for investors who pays a 30% tax rate and lives in the same state as the municipality? enter your answer as a percentage to one decimal with no % sign.
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