Based on the after-tax returns at what federal tax rate is, Financial Management

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Based on the after-tax returns at what federal tax rate is

Based on the after-tax returns, at what federal tax rate (as shown in Chapter 4) is an investor better off choosing a tax-exempt 4.96 percent municipal bond over a taxable 7.11 percent corporate bond?

Question - The after-tax return on the corporate bond when the tax rate is 15% is %. (Round to two decimal places.)

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