An investor is trying to decide between a muni paying 5.75% or an equivalent taxable corporate paying 8.25%. What is the minimum marginal tax rate the investor must have to consider buying the municipal bond?
A) 80.00%
B) 20.00%
C) 25.00%
D) 66.67%
E) 30.00% 1 - (0.0575/0.0825)
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