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Luke has $20,000 to invest in bonds. He can buy a corporate bond that pays 7.5% annual interest and is subject to his marginal tax

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Luke has $20,000 to invest in bonds. He can buy a corporate bond that pays 7.5% annual interest and is subject to his marginal tax rate of 24% or he can buy a municipal bond that pays 6.25% annual interest that is not taxable. What is the implicit tax on the municipal bonds? O $110 O $250 $0 $360 $300

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