Multiple Choice
Assume that Marsha is indifferent between investing in a city of Destin bond that pays 4.05 percent interest and a corporate bond that pays 6.05 percent interest. What is Marsha's marginal tax rate? (Do not round intermediate computations.)
A) 66.12 percent
B) 48.06 percent
C) 38.06 percent
D) 24.03 percent
E) None of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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