What is the minimum rate on tax-free bonds

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Question 1: Now after a few years, Shirley retired and is in a 15% tax bracket. She had invested in the taxable corporate bonds at 10%, but is wondering if she might be better holding new tax-free hospital bonds that will pay 8%. Given the same level of risk, what is the minimum rate on tax-free bonds for Shirley to benefit by switching to them?

Reference no: EM132484291

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