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Curtis invests $600,000 in a city of Athens bond that pays 8.25 percent interest. Alternatively, Curtis could have invested the $600,000 in a bond recently

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Curtis invests $600,000 in a city of Athens bond that pays 8.25 percent interest. Alternatively, Curtis could have invested the $600,000 in a bond recently issued by Initech, Incorporated that pays 11.00 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent. If Curtis invested in the Initech, Incorporated bonds, what would be his after-tax rate of return from this investment? Multiple Choice 6.84 percent 8.25 percent 8.36 percent 5.04 percent None of the choices are correct. Sohodnlo V_1_Mompind Filinn Tointlw nr Onolifuinn UTidnwx(ap)

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