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Curtis invests $ 250,000 in city of Athens bond that pays 4.5% interest. alternatively, Curtis could have invested the $ 250,000 in a bond recently

Curtis invests $ 250,000 in city of Athens bond that pays 4.5% interest. alternatively, Curtis could have invested the $ 250,000 in a bond recently issued by initech, inc that pays 6% interest with similar risk as the city of Athens bond. Assume that Curtis marginal tax rate is 28%. How much implicit tax would Curtis pay on the city of Athens bond?

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