6. The yield on a corporate bond is I OS. and it is Cur rently selling at...
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6. The yield on a corporate bond is I O•S. and it is Cur•
rently selling at par. The marginal tax rate is 20%.
A par value municipal bond With a coupon rate Of 8.50% is available. utiich security is a better buy?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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