The interest on some municipal bonds is tax free in, Financial Management

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The interest on some municipal bonds is tax free in

Municipal Bonds

The interest on some municipal bonds is tax free, in contrast to the interest on corporate bonds. If the current annual interest rates on otherwise similar (i.e., maturity, credit risk, liquidity) municipal and corporate bonds are 1.48% and 1.80%, respectively, what is the implied tax rate?

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Financial Management: The interest on some municipal bonds is tax free in

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