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Which of the following equations best represents the break-even tax rate between a municipal bond yielding 7.50% and a comparable corporate bond yielding 9.50%? .075
Which of the following equations best represents the break-even tax rate between a municipal bond yielding 7.50% and a comparable corporate bond yielding 9.50%? .075 times (1 - t^) = .095 .075 - (1 - t^) = .095 .095 + (1 - t^) = .075 .075/(1 - t^) = .095 .075 times (1 + t^) = .095
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