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There is no difference between the after tax yield of AA rated, 10 years, 12.5% coupon rate corporate bond and a A rated, 12 years,10%
There is no difference between the after tax yield of AA rated, 10 years, 12.5% coupon rate corporate bond and a A rated, 12 years,10% coupon rate if your marginal tax rate is
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12.5%
10%
80%
not enough data to answer
60%
20%
the corporate bonds after tax yield will always be greater
2%
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