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An investor purchases one municipal and one corporate bond that pay rates of return of 5% and 6.4% respectively. If the investor were in the 15% tax bracket, his after tax rates of return on the municipal and corporate bond would be respectively_______________?

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matthewadeyinka10

Answer:

Here the after-tax rates of return on the municipal bond = 0.05

and the after-tax rates of return on the corporate bond =0.064(1 - 0.15) = 0.0544 = 5.44%.

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