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You earn six percent on your corporate bond portfolio this year, and you are in a 25 percent federal tax bracket and an eight percent

You earn six percent on your corporate bond portfolio this year, and you are in a 25 percent federal tax bracket and an eight percent state tax bracket. Your after tax return is _____. (Assume that federal taxes are not deductible against state taxes and vice versa).

A. 4.50%

B. 4.14%

C. 4.02%

D. 3.12%

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