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Assume a private bond has the yield to maturity (YTM) of 10.7% and is taxable. Further assume that there is also a public bond that

Assume a private bond has the yield to maturity (YTM) of 10.7% and is taxable. Further assume that there is also a public bond that has the yield of maturity (YTM) of 6.7%. What is the marginal tax rate here?

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