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An investor purchases one municipal and one corporate bond that pay rates of return of 7.5% a 11%, respectively. The investor is in the 25%
An investor purchases one municipal and one corporate bond that pay rates of return of 7.5% a 11%, respectively. The investor is in the 25% marg tax bracket. What is his or her after-tax rate of 2p return on the corporate bond? our answer What is his or her after-tax rate of 1 turn on the municipal bond? ur
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