Income tax payable appears on the:

You have a choice between investing in a corporate bond or a municipal bond. The corporate bond has an

annual yield of 10 percent, while the municipal bond has an annual yield of 7 percent. At what tax rate would you be indifferent between buying the corporate bond or the municipal bond?

The IRR decision criterion is to accept a project if the IRR exceeds the desired or required return rate and to reject the project if the IRR is less than the desired or required rate of return

Indicate whether the statement is true or false.