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TF 1. Exchange rates are price indexes over space. T F 2. The marginal tax rate is 30% and the market rate of interest is

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TF 1. Exchange rates are price indexes over space. T F 2. The marginal tax rate is 30% and the market rate of interest is 5%, then the tax free interest rate is about 1.5% T F 3. Most businesses in the US raise funds via the bond market. T F 4. If interest rates rise, the price of bonds falls. T F 5. Most corporate bonds in the US today are registered bonds

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