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curtis invest 7 0 0 , 0 0 0 i n a city o f athens bonds that pays 9 . 2 5 percent interest.

curtis invest 700,000in a city of athens bonds that pays 9.25 percent interest. Alternatively, Curtis could have invested the 700,000in a bond recently issued by initech, incorporated that pays 11.00 percent interest with similiar risk as the city of athens bond. Assume that curtis marginal tax rate is24 percent. How much explicit tax would curtis incur on interest earned on the initech incorporated bond

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