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Business, 09.08.2021 22:00 jyx

A 9.0 percent coupon bond issued by the State of Iowa sells for $1,000. What coupon rate on a corporate bond selling at $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in the 30 percent marginal tax bracket?

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A 9.0 percent coupon bond issued by the State of Iowa sells for $1,000. What coupon rate on a corpor...
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