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Debt issued by Southwest Airways currently yields 24%. A municipal bond of equal risk currently yields 15.6%. At what marginal tax rate would an investor

Debt issued by Southwest Airways currently yields 24%. A municipal bond of equal risk currently yields 15.6%. At what marginal tax rate would an investor be indifferent between these two bonds?

54%

24%

There is not enough information given to answer the question.

35%

15.6%

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