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You are choosing between buying bonds from the Apple Corporation which yield 8.5% per year, and state of California local bonds which yield 5.8% per
You are choosing between buying bonds from the Apple Corporation which yield 8.5% per year, and state of California local bonds which yield 5.8% per year. For these two bonds, the break-even income tax rate for its investors equals [ Select ] [ Select ] . [ Select ] [ Select ] %. Fill out all digits, and put "0" for any blank values. If your income tax rate is 35%, and you have no other information that could be used to make your decision, then you will choose the state of California bonds. This statement is [ Select ]
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