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Assume that Jose is indifferent between investing in a corporate bond that pays 10% interest and a stock with no growth potential that pays an
Assume that Jose is indifferent between investing in a corporate bond that pays 10% interest and a stock with no growth potential that pays an 10.1% dividend yield. Assume that the tax rate on dividends is 15%. What is Jose's marginal tax rate? (Do not round intermediate computations.)
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