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Based on the after-tax returns, at what federal tax rate (as shown in Chapter 4) is an investor better off choosing a tax-exempt 4.06 percent
Based on the after-tax returns, at what federal tax rate (as shown in Chapter 4) is an investor better off choosing a tax-exempt 4.06 percent municipal bond over a taxable 5.76 percent corporate bond? The after-tax return on the corporate bond when the tax rate is 10% is %. (Round to two decimal places.)
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