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4. A client in the 35 percent marginal tax bracket is comparing a municipal bond that offers a 4.5 percent yield to maturity and a

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4. A client in the 35 percent marginal tax bracket is comparing a municipal bond that offers a 4.5 percent yield to maturity and a similar-risk corporate bond that offers a 6.45 percent yield. Which bond will give the client more profit after taxes

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