Question: Curtis invests $825,000 in a city of Athens bond that pays 10.00 percent interest. Alternatively, Curtis could have invested the $825,000 in a bond recently

Curtis invests $825,000 in a city of Athens bond that pays

10.00 percent interest. Alternatively, Curtis could have invested the $825,000 in a

Curtis invests $825,000 in a city of Athens bond that pays 10.00 percent interest. Alternatively, Curtis could have invested the $825,000 in a bond recently issued by Initech, Inc. that pays 13.00 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent. How much implicit tax would Curtis pay on the city of Athens bond? Multiple Choice $82,500.0 $9,488 $9,388 Multiple Choice $82,500.0 $9,488 $9,388 $24,750.0 None of the choices are correct

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