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A 10-year corporate bond has an annual coupon of 9 percent ( $45 paid semi-annually)...

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A 10-year corporate bond has an annual coupon of 9 percent ( $45 paid semi-annually) and a price of $1,033.24, while a 10 -year municipal bond has an annual coupon of 5 percent ( $25 paid semi-annually) and a price of $925.61. Given this information, determine what your tax rate must be so that both of these bonds have the same after-tax yield. 26.83%28.57%29.41%30.23%27.71%

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