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QUESTION
A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of _____ or higher would...
A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of _____ or higher would prefer the municipal bond.
A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%.Investors with a tax rate of 14.2857% (or) [14.3% rounded]or higher would prefer the municipalbond....