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What should be an investor's tax rate if s/he is indifferent between a muni bond yielding 6% and a taxable bond yielding 8%? 0.75 0.25

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What should be an investor's tax rate if s/he is indifferent between a muni bond yielding 6% and a taxable bond yielding 8%? 0.75 0.25 0.375 0.20 52 WK 52 WK NAME SYMBOL CLOSE NET CHG YTD VOLUME HIGH LOW DIV YIELD P/E SCHG Herbalife Nutrition HLF 57.94 -1.39 1,149,773 60.41 34.16 1.20 2.07 47.75 -1.71 Here Holdings HRI 26.86 -0.71 389,826 72.99 24.16 3.10 3.35 Heritage Insurance Holdings HRTG 14.57 -0.38 81,929 19.15 12.85 0.24 1.65 22.01 -1.02 Hersha Hospitality Trust CIA HT 16.59 -0.16 732,879 24.16 16.50 1.12 6.75 ...dd -5.42 Hershey HSY 106.24 0.80 1.145,889 114.63 89.10 289 2.72 22.00-088 Hertz Global Holdings HTZ 13.27 -0.77 2.965,201 25.14 13.01 2.24 -2.78 Hess Corp HES 42.39 0.15 5,969,511 74.81 35.59 1.00 2.36 ...dd 4.67 Hess Midstream Partners HESM 17.87 0.25 47,899 24.51 16.17 1.43 8.00 14.60 5.24 Hewlett Packard Enterprise HPE 13.18 -0.28 11.756,695 19.48 12.09 0.45 3.41 11.46 -0.23 Figure 2.5 Listing of stocks traded on the New York Stock Exchange Source: WSJ Online, January 4, 2018 According to the table, what was the close price of Hertz Global Holdings (HTZ) on the previous trading day? 14.04 13.09 12.50 13.27

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