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You are examining two different MMMFs. Fund A is tax exempt and pays 4%. Fund B is taxable and pays 7%. You live in a

You are examining two different MMMFs. Fund A is tax exempt and pays 4%. Fund B is taxable and pays 7%. You live in a state that imposes no income taxes. At what effective tax rate are the two funds yields identical? Question 20 options: a) 16.67% b) 50.00% c) 20.23% d) 42.86% e) cannot determine from the information provided

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