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The coupon rate on a tax-exempt bond is 0.0466, and the rate on a taxable bond is 0.0709. Both bonds sell at par. At what
The coupon rate on a tax-exempt bond is 0.0466, and the rate on a taxable bond is 0.0709. Both bonds sell at par. At what tax bracket (marginal tax rate) would an investor be indifferent between the two bonds? (Please round your answer to the fourth decimal, i.e. 0.0000)
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