Business, 11.09.2019 05:30 KevinReed6444

Fergie has the choice between investing in a state of new york bond at 5 percent and a surething inc. bond at 8 percent. assuming that both bonds have the same nontax characteristics and that fergie has a 30 percent marginal tax rate, what interest rate does the state of new york bond need to offer to make fergie indifferent between investing in the two bonds?

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Fergie has the choice between investing in a state of new york bond at 5 percent and a surething inc...

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