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Business, 25.12.2019 04:31 taylor511176

Hugh has the choice between investing in a city of heflin bond at 3.45 percent or investing in a surething inc. bond at 4.75 percent. assuming that both bonds have the same nontax characteristics and that hugh has a 40 percent marginal tax rate, what interest rate does surething inc. need to offer to make hugh indifferent between investing in the two bonds? (round your answer to 2 decimal places.)

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