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  3. assume vandell, a individual taxpayer, is in a 25

Assume Vandell, a individual taxpayer, is in a 25 percent tax bracket. He invests in...

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Accounting

Assume Vandell, a individual taxpayer, is in a 25 percent tax bracket. He invests in Otay Mesa Water District Bonds that pay 4.5 percent interest. What interest on a taxable bond would provide the same after-tax return to Vandell? Enter your answer as a percentage, rounded to two decimal places. __________%

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