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Nick has $30,000 invested in corporate bonds with a stated interest rate of 6 percent and $30,000 in tax-exempt municipal bonds issued for governmental activities
Nick has $30,000 invested in corporate bonds with a stated interest rate of 6 percent and $30,000 in tax-exempt municipal bonds issued for governmental activities with a stated interest rate of 4.5 percent. Calculate his after-tax cash flow from each investment if:
her marginal tax rate is 35 percent.
her marginal tax rate is 22 percent.
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