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Assume that Larry's marginal tax rate is 2 4 percent. If corporate bonds pay 1 0 percent interest, what interest rate would a municipal bond

Assume that Larry's marginal tax rate is 24 percent. If corporate bonds pay 10 percent interest, what interest rate would a municipal bond have to offer for Larry to be indifferent between the two bonds?
24.00 percent
12.00 percent
10.00 percent
7.60 percent
None of the choices are correct
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