The? after-tax return on the corporate bond

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Based on the after-tax returns, at what federal tax rate (as shown in Chapter 4 on page 95 Personal Finance 7th edition) is an investor better off choosing a tax-exempt 6.63 percent municipal bond over a taxable 9.59 percent corporate bond.

The? after-tax return on the corporate bond when the tax rate is? 10% is ____?%.?(Round to two decimal? places.)

Reference no: EM131829280

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