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An investor is trying to decide between a municipal bond paying 7% or an equivalent taxable corporate paying 9%. What is the minimum marginal tax
An investor is trying to decide between a municipal bond paying 7% or an equivalent taxable corporate paying 9%. What is the minimum marginal tax rate the investor must have to consider buying the municipal bond?
A) 77.78% B) 22.22% C) 33.44% D) 28.52% E) 44.56%
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