A Taxable Money Market Mutual Fund Has a Return of 3.8

Multiple Choice

A taxable money market mutual fund has a return of 3.8 percent. If you are in a 34 percent tax bracket, what interest rate would you require on a non-taxable income trust to be equally well-off?

A) 5.75% or higher
B) 2.51% or higher
C) 3.80% or higher
D) 2.51% or lower
E) 5.75% or lower