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Question
An investor is in the 28% federal tax bracket, pays a 9% state tax rate and 4% in local income taxes. For this investor a municipal bond paying 6% interest is equivalent to a corporate bond paying _____ interest.
A. 11.79%
B. 10.17%
C. 9.08%
D. 9.68%
E. 8.47%
Answer
This answer is hidden. It contains 26 characters.
Related questions
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