Question 45 of 50 A 5-year corporate bond yields 8.70%. A's-year municipal bond of equal risk yields 6.50%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds? (Round your final answer to two decimal places.) a. 33.85 . 22.00% C25.29% d. 20% e. 74.71 Question 46 of 50 Griffey Communications recently realized $110,000 in operating income. The company had interest income of $30,000 and realized $70,000 in dividend income. The company's interest expense was $45,000. Its corporate tax rate is 25%. Griffey is a small company, so it is not subject to the interest expense deduction limitation Assume a 50% dividend exclusion for taxes on dividends. a 532,500 b. $41,250 c543.750 d. 523.750 e $52.500 Olcon Key