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Save Antwer & points A S-year corporate bond yields 9.50%. A 5-year municipal bond of equal risk yields 6.25% Assume that the state tax rate

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Save Antwer & points A S-year corporate bond yields 9.50%. A 5-year municipal bond of equal risk yields 6.25% 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) 2.34.21% 1.31.58% 25.40% d. 27.38% e. 32.99%

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