A taxable issue yields 61 percent and a similar municipal, Ask an Expert

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A taxable issue yields 6.1 percent, and a similar municipal issue yields 4.6 percent. What is the critical marginal tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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