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Curtis invests $ 650,000 in a city of Athens bond that pays 8.75% interest. alternatively, Curtis could have invested the $ 650,000 in a bond

Curtis invests $ 650,000 in a city of Athens bond that pays 8.75% interest. alternatively, Curtis could have invested the $ 650,000 in a bond recently issued by initech, inc. that pays 10% interest with similar risk as the city of Athens bond. If Curtis invested in the Initech, Inc binds, what would be his after-tax of return from this investment?

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