Multiple Choice
In order for you to be indifferent between the after-tax returns on a corporate bond paying 8.5% and a tax-exempt municipal bond paying 6.12%, what would your tax bracket need to be?
A) 33%
B) 72%
C) 15%
D) 28%
E) Cannot be determined from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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