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samualson samualson
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5 years ago
You have a choice between investing in a corporate bond or a municipal bond. The corporate bond has an annual yield of 10 percent, while the municipal bond has an annual yield of 7 percent. At what tax rate would you be indifferent between buying the corporate bond or the municipal bond?
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Foundations of Finance

Foundations of Finance


Edition: 9th
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Marc18Marc18
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samualson Author
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#2
5 years ago
Smart ... Thanks!
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