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Sandra Costner is considering the purchase of a tax-exempt security that is yielding 7%. Sandra is the 34% tax bracket. To match this 7% after-tax
Sandra Costner is considering the purchase of a tax-exempt security that is yielding 7%. Sandra is the 34% tax bracket. To match this 7% after-tax yield, Sandra should consider taxable securities that pay a least
A. | 13.68%
| |
B. | 9.09%
| |
C. | 7.56%
| |
D. | 10.61%
|
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