Business, 09.12.2021 02:50, mmm5398

A 6.5 percent coupon bond issued by the State of California sells for $1,000. What coupon rate on a corporate bond selling at $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in the 26 percent marginal tax bracket

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A 6.5 percent coupon bond issued by the State of California sells for $1,000. What coupon rate on a...