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is the second answer correct? An investor purchases one municipal bond and one corporate bond that pay rates of return of 7% and 8.6%, respectively.

image text in transcribedis the second answer correct?
An investor purchases one municipal bond and one corporate bond that pay rates of return of 7% and 8.6%, respectively. If the investor is in the 20% tax bracket, his after-tax rates of return on the municipal and corporate bonds would be, respectively, Multiple Choice O 7% and 8.6% 7% and 6.88% 5,60% and 8.6% 8.40% and 6,88%

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