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Anne's marginal income tax rate is 32 percent. She purchases a corporate bond for $16,500 and the maturity, or face value, of the bond is

Anne's marginal income tax rate is 32 percent. She purchases a corporate bond for $16,500 and the maturity, or face value, of the bond is $16,500. If the bond pays 7.6 percent per year before taxes, what is Annes annual after-tax rate of return from the bond if the bond matures in 1 year? What is her annual after-tax rate of return if the bond matures in 10 years? Note: Round your answers to 1 decimal place

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