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Calculate the after - tax return of a ( n ) 8 . 4 6 percent , 2 0 - year, A - rated corporate
Calculate the aftertax return of anpercentyear, Arated corporate bond for an investor in the percent marginal tax bracket. Compare this yield to anpercentyear, Arated, taxexempt municipal bond, and explain which alternative is better. Repeat the calculations and comparison for an investor in the percent marginal tax bracket. The aftertax return of the year, Arated corporate bond for an investor in the marginal tax bracket is
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