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2. An investor is evaluating an investment into one of two possible bonds: a taxable corporate bond with an 8% coupon; or a tax-free municipal

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2. An investor is evaluating an investment into one of two possible bonds: a taxable corporate bond with an 8% coupon; or a tax-free municipal bond with a 6% coupon. The investor has a marginal tax rate of 32%. Which bond would be the most preferable

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