Jessica has $10,000 invested in corporate bonds with a stated interest rate of 8 percent and $10,000
Question:
Jessica has $10,000 invested in corporate bonds with a stated interest rate of 8 percent and $10,000 in tax-exempt municipal bonds issued for governmental activities with a stated interest rate of 6 percent. Calculate her after-tax cash flow from each investment if:
a. her marginal tax rate is 35 percent.
b. her marginal tax rate is 15 percent.
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Related Book For 
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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