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Derrick is deciding between investing in a municipal bond with an interest rate of 3.95% and a corporate bond. Derrick's marginal tax rate is 22%.

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Derrick is deciding between investing in a municipal bond with an interest rate of 3.95% and a corporate bond. Derrick's marginal tax rate is 22%. For what interest rate on the corporate bond will Derrick be indifferent between investing in the municipal bond and the corporate bond

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