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Based on the after-tax returns, at what federal tax rate (as shown in Chapter 4)...

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Finance

Based on the after-tax returns, at what federal tax rate (as shown in Chapter 4) is an investor better off choosing a tax-exempt

8.17

percent municipal bond over a taxable

11.89

percent corporate bond?

The after-tax return on the corporate bond when the tax rate is 10%

The after-tax return on the corporate bond when the tax rate is 15%

The after-tax return on the corporate bond when the tax rate is 25%

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