Business
Business, 13.09.2019 01:30, rayray9471

Hugh has the choice between investing in a city of heflin bond at 3.60 percent or investing in a surething inc. bond at 5.25 percent. assuming that both bonds have the same nontax characteristics and that hugh has a 40 percent marginal tax rate, what interest rate does surething inc. need to offer to make hugh indifferent between investing in the two bonds?

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