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Business, 20.01.2021 01:00 lee9724

The city of Metropolis sold tax-exempt bonds that pay interest of 6 percent annually. Anderson, Inc. sold taxable bonds comparable to the city bonds that pay 8.5 percent interest annually. What is the implicit tax associated with investing $2,000 in city bonds.

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The city of Metropolis sold tax-exempt bonds that pay interest of 6 percent annually. Anderson, Inc....
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