Curtis invests $325,000 in a city of Athens bond that pays 5.25% interest. Alternatively, Curtis could have invested the $325,000 in a bond recently issued by Initech. Inc. that pays 7.50% interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 28%. How much implicit tax would Curtis pay on the city of Athens bond? $17,062.50 $2,047.50 $1,947.50 $7,312.50 None of the choices are correct