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An investor purchases one municipal bond and one corporate bond that are expected to pay rates of return of 3.9% and 3.8%, respectively. If the
An investor purchases one municipal bond and one corporate bond that are expected to pay rates of return of 3.9% and 3.8%, respectively. If the investor is in the 13% marginal tax bracket, what is their expected after tax rate of return on the corporate bond? Enter your answer in percent form without the % symbol (for example, if you answer is 3.3% type 3.3)
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