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Question 4 An investor purchases one municipal bond and one corporate bond that pay rates of return of 1 0 % and 1 1 .

Question 4
An investor purchases one municipal bond and one corporate bond that pay rates of return of 10% and 11.5%. respectively. If the investor is in the 20% tax bracket, his after-tax rates of return on the municipal and corporate bor would be, respectively.
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