Question: $ 2 5 0 , 0 0 0 in a bond recently issued by Initech, Inc. that pays 9 % interest with similar risk as

$250,000 in a bond recently issued by Initech, Inc. that pays 9% interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 28%.
If Curtis invested in the Initech, Inc. bonds, what would be his after-tax rate of return from this investment?
A.5.04%
B.7.00%
C.6.48%
D.2.52%
E. None of these

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