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In order for you to be indifferent between the after-tax returns on a taxable corporate bond paying 8.5% and a tax-exempt municipal bond paying 6.12%,
In order for you to be indifferent between the after-tax returns on a taxable corporate bond paying 8.5% and a tax-exempt municipal bond paying 6.12%, what would your tax bracket need to be? (9 points) A. 28%
B. 72%
C. Cannot tell from the information given
D. 15%
E. 33%
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