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Assume that Juanita is indifferent between investing in a corporate bond that pays 11.20 percent interest and a stock with no growth potential that pays

Assume that Juanita is indifferent between investing in a corporate bond that pays 11.20 percent interest and a stock with no growth potential that pays a 7.70 percent dividend yield. Assume that the tax rate on dividends is 15 percent. What is Juanita's marginal tax rate?

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