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Suppose that the tax on interest income is levied on the nominal interest rate, the tax rate is 30%, and the real interest rate is

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Suppose that the tax on interest income is levied on the nominal interest rate, the tax rate is 30%, and the real interest rate is 3% a year. There is no inflation. 1. The after-tax real interest rate is percent (answer to 1 decimal place). 2. The true tax rate on interest income is percent

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