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Problem 12-02 An 7.7% coupon bond issued by the state of Indiana selts for $1,000. What coupon rate on a corporate bond selling at its

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Problem 12-02 An 7.7% coupon bond issued by the state of Indiana selts for $1,000. What coupon rate on a corporate bond selling at its $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in: a. the 15% marginal tax bracket? Do not round Intermediate calculations. Round your answer to two decimal places b. the 25% marginal tax bracket? Do not round Intermediate calculations, Round your answer to two decimal places. % c. the 35% marginal tax bracket? Do not round Intermediate calculations, Round your answer to two decimal places 9

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