If a municipal bond returns 6% and you pay taxes at the marginal rate of 35%, what
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If a municipal bond returns 6% and you pay taxes at the marginal rate of 35%, what rate would a taxable corporate bond of similar risk have to offer before you would consider investing in it?
Related Book For
Macroeconomics Principles Applications And Tools
ISBN: 9780134089034
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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