Multiple Choice
Assume that Marsha is indifferent between investing in a city of Destin bond that pays6% interest and a corporate bond that pays 8% interest. What is Marsha's marginal tax rate?
A) 40%.
B) 50%.
C) 20%.
D) 30%.
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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