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Mom and Pop had a portfolio of long-term bonds that they purchased many years ago. The bonds pay 4% interest anmually; and the face value

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Mom and Pop had a portfolio of long-term bonds that they purchased many years ago. The bonds pay 4% interest anmually; and the face value is $90,000. If Mort and Pop are in the 24% tax bracket, What is their annual after-tax HPR on this investment? (Assume it trades at par) Mom and Pop's annual after-tax HPR on this inwestment is 7. (Round to wo decimal places.)

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