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An investor purchases one municipal bond and one corporate bond that pay tates of return of 5% and 6.4%, respectively. If the investor is in
An investor purchases one municipal bond and one corporate bond that pay tates of return of 5% and 6.4%, respectively. If the investor is in the 15% tax bracket, his after-tax rates of return on the municipal and corporate bonds would be, respectively. 5% and 6.4% 5% and 5.44% 4.25% and 6.4% 5.75% and 5.44%
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