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Norma is in the 33% marginal tax bracket. Because of her high tax rate, Norma...

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Accounting

Norma is in the 33% marginal tax bracket. Because of her high tax rate, Norma would like to reinvest a $10,000, 6%, certificate of deposit that generates taxable income. What is the minimum rate of interest Norma would have to receive to make the tax exempt-bond a more profitable investment?

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