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Jessica has $10,000 invested in corporate bonds with a stated interest rate of 8 percent and $10,000 in tax-exempt municipal bonds issued for governmental activities with a stated interest rate of 6 percent. Calculate her after-tax cash flow from each investment if:

a. her marginal tax rate is 35 percent.

b. her marginal tax rate is 15 percent.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9893933
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