What rate on the corporate bond would she be indifferent, Financial Management

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What rate on the corporate bond would she be indifferent

An investor is in a 25 percent Federal tax bracket.

She is offered a municipal bond which currently pays a rate of 4%.

She is also looking at some corporate bonds. At (approximately) what rate on the corporate bond would she be indifferent between the corporate bonds and the municipal bonds, above?

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Financial Management: What rate on the corporate bond would she be indifferent

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