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02-06-2023
Business

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If the cutoff marginal tax rate for a State of New Jersey bond is 27.5%, which of the following individuals will prefer a comparable corporate bond? [Assuem all of the individuals are New Jersey
residents]
A• Bonnie, whose marginal tax rate is 27.8%
B© Chuck, Whose marginal tax rate is 27.2%
C© Dennis, whose marginal tax rate is 28.2%
D© Aaron, whose marginal tax rate is 28.25%

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