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assume that Lucas marginal rate is 32% and his tax rate on dividends is 16% if I dividend-yielding Payne stock with no growth potential pays

assume that Lucas marginal rate is 32% and his tax rate on dividends is 16% if I dividend-yielding Payne stock with no growth potential pays a 6% dividend yield what interest rate would a would a municipal Bond have to offer for Lucas to be in difference between the two investments from a cash flow perspective

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