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Curtis invests $575,000 in a city of Athens bond that pay 8% interest. alternatively, Curtis could have invested the $575,000 in a bond recently issued
Curtis invests $575,000 in a city of Athens bond that pay 8% interest. alternatively, Curtis could have invested the $575,000 in a bond recently issued by initech, inc. that pays 10.5% interest with similar risk as the city of Athens Bo nd. assume that Curtiss marginal tax rate is 28%. how much explicit tax would Curtis incur on the interest earned on the initech, Inc bond?
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