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Orlando is choosing between a taxable bond with a (before-tax) return of 5.5% and a comparable municipal bond with a return of 4%. At what

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Orlando is choosing between a taxable bond with a (before-tax) return of 5.5% and a comparable municipal bond with a return of 4%. At what tax rate would Orlando be indifferent between the two bonds? OA. 31.2% OB. 25.0% C. 33.5% D. 27.3%

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