A municipal non-taxable bond has a yield to maturity of 56, Ask an Expert

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A municipal, non-taxable, bond has a yield to maturity of 5.6 percent. A corporate, taxable, bond with comparable risk has a yield to maturity of 7.8 percent. An investor is indifferent between these two bonds. What is the marginal tax rate of this investor?

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Financial Management, Finance

Category:- Financial Management
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