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Assume that Larry's marginal tax rate is 24 percent. If corporate bonds pay 5.8 percent interest, what interest rate would a municipal bond have
Assume that Larry's marginal tax rate is 24 percent. If corporate bonds pay 5.8 percent interest, what interest rate would a municipal bond have to offer for Larry to be indifferent between the two bonds? Multiple Choice O 24.00 percent 6.79 percent 5.80 percent 4.41 percent None of the choices are correct.
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