14 Curtis invests $825.000 in a city of Athens bond that pays 10.25 percent interest....
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14 Curtis invests $825.000 in a city of Athens bond that pays 10.25 percent interest. Alternatively, Curtis could have invested the $825,000 in a bond recently issued by Initech, Incorporated that pays 13.00 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent If Curtis invested in the Initech, Incorporated bonds, what would be his after-tax rate of return from this investment? 07:45 -Book Multiple Choice 08.36 percent 10.25 percent
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