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Problem 3-60 (LO 3-5) (Algo) Anne's marginal income tax rate is 32 percent. She purchases a corporate bond for $14,500 and the maturity, or face

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Problem 3-60 (LO 3-5) (Algo) Anne's marginal income tax rate is 32 percent. She purchases a corporate bond for $14,500 and the maturity, or face value of the bond is $14,500. If the bond pays 6.8 percent per year before taxes, what is Anne's annual after-tax rate of return from the bond if the bond matures in 1 year? What is her annual after-tax rate of return if the bond matures in 10 years? (Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Bond matures in 1 year Bond matures in 10 years After Tax Rate 7.6 % 7.6 %

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