Q56. An investor is considering the purchase of two bonds. One of the bonds is tax-exempt and yields 4.5% while the other bond is taxable and yield 6.0%, If the two bonds are alike in all other characteristics, the rate that would make the investor indifferent between the two bonds is closest to: A. 9.0% B. 25.0% C.27.0% D.75.0%
答案和详解如下：
Q56. B Study Session 15-68.i The indifference point would be the rate satisfies the equation: 6.0%(1 – T ) = 4.5%. solving for T, the marginal tax rate = 25%
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发表于 2007-11-7 10:03
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