Question
Consider a 30-year U.S. municipal bond yielding 7.23 percent and a 30-year U.S. corporate bond yielding 11.75 percent . Find the break-even marginal tax rate.
Consider a 30-year U.S. municipal bond yielding 7.23 percent and a 30-year U.S. corporate bond yielding 11.75 percent . Find the break-even marginal tax rate. Make sure to express your answers as a percentage. Make sure to round your answers to the nearest 100th decimal points. For example, write 39.43 for 39.43%.
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
