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Holding liquidity and default risk constant, what is the interest rate that would make an investor indifferent between a tax-exempt bond and another bond giving

Holding liquidity and default risk constant, what is the interest rate that would make an investor indifferent between a tax-exempt bond and another bond giving that the investor earning 7% from a tax-exempt bond and is in a 20% tax bracket. (Show all the calculation steps and round your answer to 4 digits)

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