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Tiffany invested $20,000 in corporate bonds that pay interest at the rate of 5.25% per year. Her marginal tax rate for federal income taxes is
Tiffany invested $20,000 in corporate bonds that pay interest at the rate of 5.25% per year. Her marginal tax rate for federal income taxes is 12% and her marginal tax rate for state income taxes is 4%. She typically uses the standard deduction. What is her after-tax rate of return on this investment? O 5.0494 5.25% 4.44%
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