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Corporate bonds issued by Johnson corporation currently yield 8%. Municipal bonds equal risk currently yield 6%. At what tax rate would an investor be indifferent
Corporate bonds issued by Johnson corporation currently yield 8%. Municipal bonds equal risk currently yield 6%. At what tax rate would an investor be indifferent between these two bonds?
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
