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Question
A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of _______________ or higher would prefer the municipal bond.
A. 65.13%
B. 14.28%
C. 25.00%
D. 80.75%
E. 25.75%
Answer
This answer is hidden. It contains 25 characters.
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