At what marginal tax rate would bond investor be indifferent

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Reference no: EM131198216

A bond investor is considering two 10 year maturity bonds both rated AAA: the municipal bond is yielding 1.15% and the corporate bond is yielding 2.10%.

At what marginal tax rate would the bond investor be indifferent between the two bonds? Enter your answer rounded off to two decimal points. Do not enter % in the answer box.

For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

Reference no: EM131198216

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