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Hugh has the choice between investing in a City of Heflin bond at 6 percent...

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Accounting

Hugh has the choice between investing in a City of Heflin bond at 6 percent or a Surething bond at 9 percent. Assuming that both bonds have the same nontax characteristics and that Hugh has a 40 percent marginal tax rate, what interest rate does surething need to offer to make hugh indifferent between investing in the two bonds

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