A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of _____, or higher would prefer the municipal bond.(Points : 10)
65.13%
14.28%
25.00%
80.75%
25.75%
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A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of _____, or higher would prefer the municipal bond.(Points : 10)
65.13%
14.28%
25.00%
80.75%
25.75%