Mary currently has tax-exempt bonds that pay 7 she is in, Ask an Expert

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Mary currently has tax-exempt bonds that pay 7%. She is in the 40% tax bracket. She is considering replacing her current bonds by buying taxable bonds that will be issued next week, but she is waiting to see what the interest rate will be. What interest rate must the taxable bonds be in order for Mary to switch to the taxable bonds?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9999769

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