Assume that John's marginal tax rate is 40%. If a city of Austin bond pays 5.70% interest, what interest rate would a corporate bond have to offer for John to be indifferent between the two bonds?<\/p>
Multiple Choice<\/p>
<\/p>
<\/span><\/p>", "transcribed_text": "", "related_book": { "title": "Accounting Tools for business decision making", "isbn": "978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461", "edition": "4th Edition", "authors": "kimmel, weygandt, kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/107.jpg", "uri": "\/textbooks\/accounting-tools-for-business-decision-making-4th-edition-107", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CNSPQJYM", "uri": "\/textbooks\/killer-justice-a-female-law-firm-battles-big-pharma-1st-edition-979-8865132684-362246", "name": "Killer Justice A Female Law Firm Battles Big Pharma", "edition": "1st Edition" }, "question_posted": "2024-06-16 21:51:24", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/pyridoxal-phosphate-a-close-relative-of-vitamin-b6-is-involved", "description": "Pyridoxal phosphate, a close relative of vitamin B6, is involved in a large number of metabolic reactions. 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