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An investor terry noirs is in the 35 tax bracket what is

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An investor, Terry Noirs, is in the 35% tax bracket and has been contemplating investing in corporate bonds. After a recent stay at the Eiffel Payne Hospital, a not-for-profit hospital, he learned that they will be issuing tax-exempt bonds for a major expansion. The taxable corporate bonds of the same risk pay 10% interest. What is the minimum rate Eiffel Payne can set for the bonds for Terry to invest in the tax-free bonds?

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Taxation: An investor terry noirs is in the 35 tax bracket what is

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Taxation: An investor terry noirs is in the 35 tax bracket what is

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