A bond issued by the State of Pennsylvania provides a 5.75% yield. What yield on a Synthetic Chemical Company bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 35.00% tax bracket?
A. 9.02%
B. 11.06%
C. 8.85%
D. 9.91%
E. 7.70%
Answer: C
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