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ACR Corporation is trying to choose between three alternative investments. The three securities that the company is considering are as follows: - Tax-free municipal bonds

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ACR Corporation is trying to choose between three alternative investments. The three securities that the company is considering are as follows: - Tax-free municipal bonds with a return of 10.70%. - Ray Corporation bonds with a return of 13.90%. The company's tax rate is 25%. What is the after-tax return on the best investment alternative? 10.644 10.48% 10.70% 10.43%

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