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Mrs . Yue, a resident of Virginia, paid $ 5 0 , 0 0 0 for a bond issued by Pennsylvania that paid $ 3
Mrs Yue, a resident of Virginia, paid $ for a bond issued by Pennsylvania that paid $ interest this year. Her marginal state income tax rate is percent. Under Virginia law, interest on debt obligations issued by another state is taxable. Mrs Yue can deduct her state income tax on her Form and her marginal federal income tax rate is percent. Compute her aftertax rate of return on the bond.
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