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Business, 12.02.2020 03:26 S2ru

An investor is in the 28 percent federal tax bracket and pays a 9 percent state tax rate and 4 percent in local income taxes. For this investor a municipal bond paying 6 percent interest is equivalent to a corporate bond paying interest.
A) 13.18 percent
B) 13.56 percent
C) 13.88 percent
D) 14.12 percent
E) 14.42 percent

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