Solution-Same after-tax return, What interest rate on a

Same after-tax return

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A 7-year municipal bond yields 4.8%. Your marginal tax rate (including state and federal taxes) is 39.00%. What interest rate on a 7-year corporate bond of equal risk would provide you with the same after-tax return? (Round your final answer to two decimal places.)

Reference no: EM131763555

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Same after-tax return

Reference no: EM131763555

Reference no: EM131763555

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