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An investor purchases one municipal bond and one corporate bond that pay rates of return of 8 % and 9 . 6 % , respectively.

An investor purchases one municipal bond and one corporate bond that pay rates of return of 8% and 9.6%, respectively. If the investor is in the 20% tax bracket, his after-tax rates of return on the municipal and corporate bonds would be, respectively, __________blank.
Group of answer choices
60% and 7.68%
8% and 7.68%
40% and 9.6%
8% and 9.6%

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