If the interest rate on a corporate bond is 10 percent, in equilibrium, what will be the
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If the interest rate on a corporate bond is 10 percent, in equilibrium, what will be the rate on a muni with comparable risk, maturity, and liquidity if the marginal investor faces a marginal tax rate of 20 percent?
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Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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