Business, 23.07.2020 23:01 malachijwilson5

A 5-year corporate bond yields 7.0%. A 5-year municipal bond (tax exempt bond) of equal risk yields 5.0%. Assume that the state tax rate is zero. At what federal tax rate are you indifferent between the two bonds?

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A 5-year corporate bond yields 7.0%. A 5-year municipal bond (tax exempt bond) of equal risk yields...

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