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5 years ago
Currently, a three-year Treasury note pays 4.75%. Assuming that your tax rate is 20%, what is the minimum interest rate that you would you need to earn on a tax-free municipal bond in order to buy it instead?
A) 0.95%
B) 3.8%
C) 5.7%
D) 15.25%
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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Good timing, thanks!
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