2. An 8.4 percent coupon bond issued by the state of Indiana sells for $1,000....
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2. An 8.4 percent coupon bond issued by the state of Indiana sells for $1,000. What coupon rate on a corporate bond selling at its $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in:
a. the 15 percent marginal tax bracket?
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b. the 25 percent marginal tax bracket?
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c. the 35 percent marginal tax bracket?
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