Municipal bonds of equal risk
Corporate bonds issued by the Johnson Corporation currently yield 10%. Municipal bonds of equal risk currently yield 4.5%. At what tax rate would an investor be indifferent between these two bonds? Round your answer to two decimal places.
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The firm has 8.7 percent, 16-year bonds outstanding with total face value of $401,000. The bonds are currently quoted at 116.5 and pay interest semiannually. Determine the capital structure weight of the firm's debt (in percents) if the tax rate i
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