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Calculate the taxable interest rate that will provide the equivalent after-tax return in the cases that follow. Enter your answers as a percentage, rounded to

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Calculate the taxable interest rate that will provide the equivalent after-tax return in the cases that follow. Enter your answers as a percentage, rounded to two decimal places. For example, .02368 would be rounded to.0237 and entered as 2.37. 1. A taxpayer is in the 28 percent tax bracket and invests in a San Diego City Bond paying 7 percent. What taxable interest rate will provide the same after-tax return? 2. A taxpayer is in the 33 percent tax bracket and invests in a New York State Bond paying 6.5 percent. What taxable interest rate will provide the same after-tax return

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