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If an investor is in the 25% marginal tax rate, she will be indifferent between a taxable-bond yield of 5% and a municipal bond yield
If an investor is in the 25% marginal tax rate, she will be indifferent between a taxable-bond yield of 5% and a municipal bond yield of _____?
A.) 2.45%
B.) 3.75%
C.) 2.85%
D.) 3.00%
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