Curtis invests $475,000 in a city of Athens bond that pays 6.75 percent interest. Alternatively, Curtis could have invested the $475,000 in a bond recently issued by Initech, Incorporated that pays 8.25 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent What is Curtis's after-tax rate of return on the city of Athens bond? Multiple Choice 5.07 percent 6.59 percent 6.75 percent 8.75 percent Jackson has the choice to invest in city of Mitchell bonds of Sundial, Incorporated corporate bonds that pay 10 percent interest. Jackson is a single taxpayer who earns $55,000 annually. Assume that the city of Mitchell bonds and the Sundiat, incorporated bonds have similar risk What interest rate would the city of Mitchell have to pay in order to make Jackson indifferent between investing in the city of Mitchell and the Sundial, Incorporated bonds for 20207 (Use tax rate schedule) Multiple Choice 7.80 percent 10.00 percent 8.00 percent 2.20 percent None of the choices are correct